Binance.US waives fees on a number of trading pairs

The U.S. arm of the cryptocurrency exchange Binance has introduced zero trading fees for four BTC pairs.

The best #crypto platform for low fees just got better. #BinanceUS is the first major platform to offer zero-fee #bitcoin trades for BTC/USD, BTC/USDT, BTC/USDC & BTC/BUSD spot pairs, for all users without trading volume requirements.

Read: https://t.co/UYvNNvael2 pic.twitter.com/YDV0x3dfcJ

— Binance.US 🇺🇸 (@BinanceUS) June 22, 2022

The terms do not depend on trading volume and apply to:

• BTC/USD;
• BTC/USDT;
• BTC/USDC;
• BTC/BUSD.

The zero fees will be in effect for an indefinite period. Binance.US CEO Brian Shroder explained the initiative as an effort to “revolutionize the approach to trading fees and to increase the accessibility of cryptocurrencies at a time when it is most needed”.

Representatives of the platform did not rule out that, in the future, zero fees could be extended to other trading pairs. The platform has listed more than 100 assets.

The move came amid waning client activity in a downturn in the market.

Coinbase shares, a rival platform, opened trading down 7.1%. By the time of writing, the pace of decline had narrowed to 5%.

In April 2022, Binance.US raised $200 million in a seed round at a valuation of $4.5 billion.

Earlier this week it emerged that the company plans to raise an additional $50 million.

Earlier, Binance CEO Changpeng Zhao stated that crypto-winter presents a favorable time to hire new staff and to grow the business further.

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