Binance US users will now be able to trade bitcoin free of charge on four trading pairs. They will also benefit from a reduced fee of 0.5% when using the “Buy Crypto” feature.
Free Bitcoin trading
The American branch of the giant Binance knows how to attract customers. In a crypto market in the midst of a recession, like the traditional equity markets, the platform has announced that it now offers zero-fee trading on spot bitcoin pairs.
More specifically, four market pairs are concerned: BTC/USD, BTC/USDT, BTC/USDC and BTC/BUSD. But the generosity of the US version platform does not stop there. Users can also make free crypto conversions and use the over-the-counter (OTC) portal without spending a single cent. On the other hand, they will still have to pay fees by activating the “Buy Crypto” function, but moderate at 0.5%.
We see this as an opportunity to revolutionize the way fees are approached in our industry, increase accessibility to crypto, and help our market and customers where needed.
Binance US CEO Brian Shroder
Arm yourself against weakened competition
let’s remember that trading fees are the main sources of income for crypto exchanges and that by offering this type of offer, Binance US is throwing a hell of a punch in the pond. This new option also illustrates its good results at a time when many of its competitors seem to be in worse shape, like Coinbase, the No. 1 platform in the United States, which is suffering from this crypto winter.
The first exchange side has resolved to lay off staff and freeze its hiring to cope with the rigors of the market (or poor management, etc.). A boon for the American branch of the World Titan, which can take advantage of the situation, even if it invokes more laudable intentions.
As recession fears grow and inflation costs rise, we believe in delivering greater Bitcoin savings and value to everyone in the crypto ecosystem.
Binance US CEO Brian Shroder