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Binance.US Eliminates Trading Fees For Ethereum

Binance.US is eliminating trading costs for Ethereum (ETH), expanding its zero-fee program beyond Bitcoin (BTC).

The following spot marketing pairings will be eligible for free trading: ETH/USD, ETH/USDT, ETH/USDC, and ETH/BUSD. Customers who pay their trading costs using BNB tokens will also receive extra trading charge savings, according to the exchange.

Brian Shroder, CEO and president of Binance.US, said in a statement:

“Over the course of the year, we have sought to thoughtfully grow our business with customer experience as our guidepost.

By eliminating fees first on BTC and now ETH, we are further cementing our position as the low fee leader in crypto, raising awareness for the high fees consumers are paying on other platforms, and helping to restore trust in the greater ecosystem. Now, more than ever, it is critical that platforms operate with users’ interests first.”

In an effort to attract more customers, the exchange, a unit of the largest crypto exchange by volume, became the first U.S. crypto exchange platform to abolish Bitcoin trading fees in June. It stated at the time that it would do the same with other tokens in the future.

Binance.US is reported to have pursued a bid in the Voyager acquisition following the collapse of FTX.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.