Binance Removes Bitcoin Trading Fees In Fifth Anniversary
The world’s largest cryptocurrency exchange will squash spot bitcoin trading fees starting July 8 as it celebrates its fifth year of operation.Binance will remove bitcoin trading fees in its global platform in celebration for its fifth anniversary.The move by the world’s biggest cryptocurrency exchange comes on the heels of a similar strategy enacted by its U.S. subsidiary, Binance.US. Late last month, the American firm squashed fees for spot bitcoin trading as it sought to increase its presence in the country and fire up competition. U.S. rival Coinbase’s stock took a hit after the....
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Upstart crypto exchange LVL wants to take on U.S. giants by removing trading fees. The move comes as bitcoin touches new all-time highs.
In response to proposals from the LUNC community, Binance has decided to burn all fees on LUNC spot and margin trading pairs. Binance said it would send the trading fees and margin trading pairs to LUNC burn addresses. The announcement was made via a blog post on Binance’s official website. The Terra Classic community expressed dissatisfaction with an ‘opt-in button proposed by Binance CEO. Binance offered the opt-in button to allow users to choose whether to implement a 1.2% tax burn on their spot. Related Reading: ETH Struggles To Break Past $1,300 Resistance – Back To $1K?....
CZ is open to implementing the changes regardless of the challenges that a new system would bring, as he said, “Let’s see what the poll say. We listen to our users.” Both traditional and crypto investors consider trading fees as one of the most significant liabilities when it comes to investing over exchanges. So no wonder when Changpeng “CZ” Zhao, the founder and CEO of Binance, asked investors about their interest in trading on the crypto exchange with no fees, the response was a resounding yes despite the inherent risks pointed out by the entrepreneur.Binance stands as the biggest....
The crypto exchange Binance has recently continued to push for growth in its share of the Bitcoin volume, as well as the stablecoin market. Binance Zero Fees Leads To Big Surge In Bitcoin Trading Volume, Exchange Drops USDC Support As per the latest weekly report from Arcane Research, the volume on Binance has remained substantially […]