Binance US has announced that it has expanded its “zero fee price model” to Ether (עטה) effective immediately.
According to the announcement, users are now able to freely האַנדל four Ether spot market pairs: ETH/USD, ETH/USDT, ETH/USDC and ETH/BUSD.
פּונקט אין צייט פֿאַר די האָלידייַס, דער בעסטער #קריפּטאָ די פּלאַטפאָרמע פֿאַר נידעריק פיז איז נאָך בעסער.#בינאַנסעוס איז צופרידן צו פאָרשלאָגן נול פיז ווען איר קויפן # עטהערעום אָדער האַנדל ETH/USD, ETH/USD, ETH/BUSD און ETH/USDC, פֿאַר אַלע יוזערז אָן טריידינג באַנד רעקווירעמענץ.
— Binance.US (@BinanceUS) דעצעמבער קסנומקס, קסנומקס
Effective immediately, the US exchange has also eliminated gas fees on all Ethereum transactions made through the “Buy & Sell” feature on its website.
אין יוני, Binance US followed in the footsteps of Robinhood, which pioneered no-commission crypto trading in 2018, by removing all ביטקאָין (בטק)spot market trading fees for BTC/USD, BTC/USDT, BTC/USDC, and BTC/BUSD.
Binance US operates as an independent entity in the United States but still bears the same name and logo as the global Binance crypto exchange. As the name implies, Binance US caters primarily to American crypto traders.
According to Binance US president and CEO Brian Shroder, eliminating fees on both BTC and ETH cements the company’s position “as the low fee leader in crypto.” He added that “now, more than ever, it is critical that platforms operate with users’ interests first.”
By eliminating these fees, we continue to cement our position as the low fee leader in crypto, bringing greater pricing competition & helping to restore trust in the broader ecosystem.
Now, more than ever, it’s critical that platforms operate with users’ interests first.
- ברייאַן שראָדער (@BrianShroder) דעצעמבער קסנומקס, קסנומקס
פֿאַרבונדענע: פארוואס דער שלאַכט פֿאַר נידעריק אָדער קיין טראַנסאַקטיאָן פיז טאַקע ענינים
Exchanges play a crucial role in crypto adoption. Facilitating zero-fee transfers encourages users to transact more with digital assets. If sending funds from one point to another is expensive, millions of potential users would avoid or limit their use of the technology.
Exchanges that avoid charging fees can still earn on no-fee transactions through spreads. In trading, a spread is known as the difference between the bid (sell) price and the ask (buy) price of a trading pair.
Source: https://cointelegraph.com/news/binance-us-eliminates-trading-fees-for-ethereum