Binance US zero fees on BTC Trading

Binance US zero fees on BTC Trading
Binance US zero fees on BTC Trading

Binance US is the world’s largest crypto exchange by trading volume, with daily trades exceeding $1.4 billion. In addition, the company has announced that it will offer zero-fee trading on Bitcoin (BTC) in America to increase its market share further.

This move is part of Binance’s wider strategy to gain a larger foothold in the American cryptocurrency market. The company has been on an aggressive regional expansion spree, launching its digital asset platform.

“We are thrilled to be the first American crypto exchange. Hence it eliminates fees on many Bitcoin pairs for all users,” said Brian Schroder, CEO of Binance.US, adding:

“This is a fantastic way to revolutionize how fees are charged in our industry, increase accessibility to crypto, and better support our market and customers during these trying times.”

Binance US is not the first exchange to offer zero-fee trading on BTC. The company’s archrival, Coinbase, announced a similar move in November 2018. However, Coinbase only offers this service to its institutional investors.

The launch of Binance US’ zero-fee trading on BTC comes when the cryptocurrency market sees renewed interest from institutional investors. Several high-profile firms, including hedge funds and family offices, have invested in Bitcoin recently.

The move will also likely help Binance.US compete more effectively against other American cryptocurrency exchanges such as Kraken and Gemini.

Binance’s CEO believes that EU regulation will become the international standard

Changpeng Zhao, founder, and CEO of Binance, said the European Union’s Markets in Crypto Assets (MiCA) legislation is likely to be adopted as the global standard for regulatory oversight.

“The EU MiCA rule will soon become a worldwide regulatory standard that others will mimic around the world,” CZ, who goes by his initials, said during a panel at Binance Blockchain Week in Paris this morning. Against this chaotic crypto economy’s unexpected Binance maneuver, investors’ expectations for a Bitcoin price rise have been raised.

In the past few months, BTC has experienced a drop from its all-time high of $64,000. As a result, the market has been struggling to find a bottom. However, some analysts believe the current price is a good entry point for long-term investors.

Schroder also said that Binance.US plans to offer more features and services in the future that will make it “the most accessible, secure and reliable digital asset platform in the United States.”

Adoption boost

The launch of Binance.US’ zero-fee trading on BTC is also expected to increase cryptocurrency adoption among retail investors.

Many people are still hesitant to invest in digital assets because of the high fees charged by most exchanges. However, with Binance.US now offering zero-fee trading, this barrier is expected to be removed for many potential investors.

With this latest announcement, Binance.US is looking to attract more Bitcoin traders to its platform. The exchange currently supports 14 different cryptocurrencies, including BTC, Ethereum (ETH), Ripple (XRP), and Litecoin (LTC).

This is a significant move by Binance.US, and it could help the company gain a larger share of the Bitcoin trading market in America. With its low fees and expansive list of supported cryptocurrencies, Binance.US is quickly becoming a leading choice for cryptocurrency traders in the United States.

Binance has always supported the crypto community and its innovative initiatives, one of them being the zero-fee trading on BTC.

This is a big step forward in making cryptocurrencies more accessible to everyone and increasing adoption rates. We can expect nothing but good things to come from this exchange in the future.

close
Binance.US, Binance US zero fees on BTC Trading

Subscribe Today
for our Weekly Newsletter

Free Weekly Crypto News without the spam.

Related Articles

Our Partners

SwapCoin.com RapidCoin.com ChangeNOW.com Paybis.com WestcoastNFT.com