HomeCryptocurrenciesBinance Announces Zero-Fee Bitcoin Trading

Binance Announces Zero-Fee Bitcoin Trading

Binance, the world’s biggest cryptocurrency exchange, made a decision to give up any fees for Bitcoin trading as part of its fifth-anniversary celebration. Starting on Friday, all Binance users won’t be required fees on 13 spot trading pairs, including Euro, British Pound, Australian dollar, Turkish Lira, and stablecoins like Tether (USDT) and its own BUSD.

Notably, Binance didn’t include the United States dollar in their zero-fee trading policy for Bitcoin.

“In line with our user-first philosophy, Binance has always strived to provide the most competitive fees in the industry,” said Binance CEO Changpeng Zhao in a statement. “At its core, Binance is an inclusive platform with accessibility in mind. Eliminating the trading fees on selected BTC spot trading pairs is another move towards that direction.”

Binance’s decision comes just weeks after Binance.US, its American affiliate, became the first major trader to announce this move. Binance.US adopted the zero-fee Bitcoin trading policy for four-spot market pairs, including the U.S. dollar.

Bitcoin entered the week trading just above $19K but managed to bounce back by the end of the day on Monday to climb above $20K again. Since then, Bitcoin has seen several ups and downs but and is currently trading at $20,278 per token.

Activist Investor Elliott Management Won’t Pursue Changes on Salesforce’s Board

Improved results in the Q4 earnings report have allowed Salesforce to keep activist investor Elliott Management from pursuing changes on the company’s Board of...

First Citizens Bancshares Makes a Deal to Acquire Collapsed Silicon Valley Bank

The Federal Deposit Insurance Corporation (FDIC) has found a taker for the collapsed Silicon Valley Bank (SVB). On Monday, FDIC confirmed that North Carolina-based...

Banking Sector Stress Could Lead To Tighter Lending; ECB, Fed Officials Claim

Uncertainty across the banking sector is being closely monitored due to the potential for a credit crunch, a Federal Reserve official divulged on Monday....