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Binance US has announced that it has extended its zero-fee pricing model to Ether (ethereum) immediately effective.
According to the announcement, users are free to trade Four Ether spot market pairs: ETH/USD, ETH/USDT, ETH/USDC, ETH/BUSD.
Just in time for the holidays, the best #Crypt A low-cost platform just got better.#Binance US We are happy to offer zero commission on purchases #Ethereum Or trade ETH/USD, ETH/USDT, ETH/BUSD, ETH/USDC for all users with no trading volume requirements.
Binance.US (@BinanceUS) December 7, 2022
Effective immediately, US exchanges have also eliminated gas fees for all Ethereum transactions made through the website’s “buy and sell” feature.
in June, Binance US followed in its footsteps Robinhood pioneered fee-free cryptocurrency trading in 2018 Delete all Bitcoin (Bitcoin)BTC/USD, BTC/USDT, BTC/USDC, and BTC/BUSD spot market transaction fees.
Binance US operates as an independent business entity within the United States, but uses the same name and logo as the global Binance crypto exchange. As the name suggests, Binance US primarily caters to American crypto traders.
According to Binance US President and CEO Brian Shroder, removing fees for both BTC and ETH will solidify the companys position as the low-fee leader in cryptocurrencies. It is more important than ever that platforms operate in the interests of their users, he added.
By eliminating these fees, we continue to cement our position as the low-fee leader in cryptocurrencies, bring greater price competition, and help restore trust in the broader ecosystem.
Now, more than ever, it is important that platforms operate in the best interests of their users.
Brian Schroder (@BrianShroder) December 7, 2022
Related: Why The Battle For Low Or No Transaction Fees Really Matters
Exchanges play a key role in crypto adoption. Facilitating zero-fee remittances will encourage users to transact more with digital assets. Millions of potential users will avoid or limit their use of technology if it costs money to transfer funds from one point to another.
Exchanges that avoid charging fees can benefit from commission-free trading through spreads. In trading, the spread is known as the difference between the bid (sell) price and the ask (buy) price of a trading pair.
