Binance Sees Spot Market Share Fall To 34%, What’s Going On?
Binance, the world’s leading cryptocurrency exchange’s spot market share has fallen for the seventh consecutive month and the crypto firm has reportedly lost more of its spot market share in the previous month. Binance Sees Spot Market Share Decline Reports have shown that the trading platform has experienced a decline in its spot market share […]
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Brian Shroder, CEO of Binance.US said the zero-trading fees would generate positive user sentiment and said there are plans to expand the list of tokens that will offer zero-fee trading in the future. Crypto exchange Binance.US has removed trading fees for Bitcoin (BTC) spot market trades, following in the footsteps of Robinhood which pioneered no-commission crypto trading in 2018. Brian Shroder, CEO of Binance.US said the move makes the company the first U.S. crypto exchange to eliminate spot trading fees for Bitcoin for all users and without trading volume requirements. He added that....
Customers of Binance.US can now trade four spot bitcoin pairings with zero fees and a low 0.5% fee for using the “Buy Crypto” function.
The digital currency exchange Binance has announced it will no longer offer spot crypto trading and other services in Singapore. Crypto Exchange Binance Restricts Services In Singapore As announced by Binance on its website, users in Singapore can no longer access certain services on the crypto exchange. These services include “fiat deposit services, spot trading […]
Since Binance announced it would auto-convert USDC, USDP and TUSD into BUSD on Sept. 6, BUSD’s share of the total stablecoin market has risen from 10.01% to 15.48%. FTX CEO Sam Bankman-Fried (SBF) said the rise of Binance stablecoin BUSD could spark the “Second Great Stablecoin War,” given how fast its market cap has surged over recent months. Bankman-Fried's recent comments come a month after Binance pushed ahead with plans to auto-convert a host of stablecoins supported on its exchange into BUSD on Sept. 6, — which has seen BUSD's share of the total stablecoin market rise since. BUSD’s....
Crypto exchange Binance has had a tough few months in terms of market news and pressure from regulatory bodies. Just a few days ago, Binance lost another payment processing partner after Checkout.com terminated its contract with the crypto exchange. And now, another rumor that appears to be spreading is that Binance is selling Bitcoin on the spot market to sustain the price of its native token, BNB. Is Binance Really Selling Its Bitcoin To Buy BNB? The rumor originated from a post made by @WhaleChart on X (formerly Twitter), claiming that Binance is allegedly selling Bitcoin on the spot....