James Atkins
Editor
Editor
The world-leading cryptocurrency exchange Binance. Has announced the removal of transaction fees on some bitcoin spot trading pairs as it celebrates its fifth anniversary. The announcement was made through the exchange’s blog page.
Binance says that the move is to encourage more people to participate in the crypto markets and help grow the overall ecosystem.
Binance will be reducing fees on some popular BTC spot trading pairs, including BTC/USDC, BTC/USDT, and BTC/TUSD.
The move will come into effect from today. Binance has also stated that it will continue to assess the situation and may add or remove pairs as appropriate.
This is not the first time Binance has introduced zero-fee trading. In July this year, the exchange launched a zero-fee futures trading platform with up to 50x leverage.
Binance has also been working on other initiatives to grow the cryptocurrency industry. Such as its Binance Academy educational portal and Binance Charity Foundation.
With this latest move, Binance is once again demonstrating its commitment to making cryptocurrency more accessible to its large community of users.
In a separate post, Binance states:
“As #BinanceTurns5, join in the celebration with zero fees on a selection of BTC trading pairs… Trading BTC just got a whole lot cheaper. Well… free! We’re in the giving mood and want to show our community how much they’re appreciated as we turn five years old.”
Binance’s decision is intended to place the company among the global leaders in cryptocurrency pricing, owing to its long-standing position as one of the industry’s lowest trading costs.
Binance cut out the trading costs for a total of thirteen BTC spot trading pairs. These pairs are BTC/GDP, BTC/BUSD, BTC/USDT, BTC/TUSD, BTC/USDC, BTC/USDP, BTC/RUB, BTC/EUR, BTC/TRY, BTC/AUD, BTC/BRL, BTC/BIDR, and BTC/UAH.
Traders will be charged “no maker or taker fees” for the above bitcoin pairs beginning July 8 (two days from now), according to the exchange.
The press release says that Binance did not say how long the zero-fee trades will last.
The free bitcoin spot trading will continue until further notice. This indicates that traders will enjoy the new trading fees for longer than the fourteen days of the anniversary celebrations.
Binance is one of the most popular cryptocurrency exchanges in the world. And has been offering fee-free trading since it was founded in 2017.
The exchange currently offers over 150 different cryptocurrencies to trade with and supports trading in over 30 fiat currencies.
Binance also recently launched a new decentralized exchange, Binance DEX. Which allows users to trade cryptocurrencies without having to trust a central authority.
The launch of zero-fee spot trading on Binance comes as the exchange is celebrating its second anniversary.
Binance will be offering many different promotions and giveaways throughout July to commemorate the occasion.
These include a 50% discount on trading fees and a 200% interest rate on Binance Coin (BNB). And a chance to win a trip to Binance’s headquarters in Malta.
Binance is one of the leading cryptocurrency exchanges in the world. It offers a wide range of features and security measures, making it a popular choice among users.
Binance recently launched a new feature that allows users to trade Bitcoin without having to pay any fees.
This is a great opportunity for users to get started with Bitcoin trading, as they will not have to worry about any fees. Binance also offers several other benefits. Such as a 200% interest rate on Binance Coin (BNB), which is used to pay for trading fees.
If you are interested in getting started with Binance, then be sure to check out their website. You can also find more information about Binance and its services by reading our Binance review.
I have been writing copy for blockchain-related projects since 2017. I understand the importance of being able to communicate clearly and effectively with both technical and non-technical audiences. By leveraging my understanding of the crypto industry trends, I can help increase adoption in this rapidly evolving landscape.
