James Atkins
Editor
Editor
In a move to increase the value it provides to customers, Binance.US has lowered its trading fees. Binance.US is the American arm of Binance, one of the world’s leading cryptocurrency exchanges.
In a statement released by Binance.US CEO Brian Shroder, he says that the exchange “will always work to provide greater value for our customers.”
The new fee structure will see Binance.US charge 0.35% for both maker and taker orders. This is a significant reduction from the previous fees of 0.50% for makers and 0.25% for takers.
The change goes into effect immediately and will apply to all trades made on the Binance.US platform.
This move comes as Binance looks to increase its market share in the United States. Binance US is currently the seventh largest cryptocurrency exchange in the country with a 24-hour trading volume of $340 million.
According to data from CoinMarketCap.com. By comparison, Coinbase, the largest cryptocurrency exchange in the United States, has a 24-hour trading volume of over $15 billion.
Binance.US is cutting its trading fees in half to increase value for customers. The exchange will now charge 0.25% for both maker and taker orders.
This is a significant reduction from the previous fees of 0.50% for taker orders and 0.25% for maker orders.
Binance has also stated that they will be reducing the withdrawal fees for certain assets. For example, the withdrawal fee for Ethereum will be reduced from 0.01 ETH to 0.005 ETH.
Binance.US CEO Brian Shroder states that “reducing fees is just one way we plan to add more value for our customers.” He adds that Binance.US plans to introduce new features and services in the coming months that will further drive value for customers.
Binance US is an important part of the Binance ecosystem. As it allows us to tap into a new market with great potential,” says Binance CEO Changpeng Zhao.
“We are excited to see the progress Binance US has made in such a short time and look forward to continued success.”
Binance.US is one of the most famous crypto exchanges in the United States. The firm offers various digital assets, including Bitcoin, Ethereum, Litecoin, and more. Binance.US also allows users to trade fiat currencies, such as USD, EUR, and GBP.
Bitcoiners HATE when exchanges change their fee structures. It usually means that they’re either making less money on their trades, or they’re being forced to pay more.
Binance.com is one of the foremost cryptocurrency exchanges, and they recently announced that they would be changing their fees.
Many people are happy with this decision, as it will save them money in the long run. However, some are not so pleased. Some people think that Binance is doing this to increase their profits.
Please note: Binance is a cryptocurrency exchange and is not affiliated with Binance.US Binance.US is a US-based subsidiary of Binance.
Binance is a separate entity from Binance.US Binance.US is a digital asset marketplace, providing advanced financial services to traders in the United States.
The company, Binance.US is operated by BAM Trading Services LLC, a money transmitter registered with FinCEN.
Binance US offers digital currency trading-pair options for USD (fiat) and USDT (ERC-20 stablecoin). Binance.US also provides a wallet service to store your digital assets.
Binance.US is one of the leading crypto exchanges in the world, with a daily trading volume of over $300 million.
As expected, the subject of cryptocurrency is always very touchy especially if you are a crypto enthusiast. As such it will be interesting to hear your views.
So, what do you think about Binance’s new fee structure? Do you think it is fair? Let us know in the comments below!
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.
