From 8th July Binance users will enjoy free bitcoin trading on spot pairs.
The world’s leading blockchain and crypto ecosystem, Binance is removing bitcoin spot trading fees on the occasion of its 5th anniversary.
While Binance is already charging lessened spot trading fees in comparison to other competitors, the move to eliminate bitcoin spot trading fees will boost its vision to become a global leader.
According to the release, Binance users can enjoy fee-free trading with thirteen stablecoin and fiat pairs such as BTC/USDT, BTC/BUSD, BTC/USDC, BTC/EUR, BTC/TRY, and more.
The new fees will be applied until further notice and users can trade with new benefits for the next few weeks.
However,Binance U.S has already announced zero fees on bitcoin trading to all users in its new pricing model on June 22.
Binance Founder and CEO “CZ” (Changpeng Zhao) said “In line with our user-first philosophy, Binance has always strived to provide the most competitive fees in the industry. At its core, Binance is an inclusive platform with accessibility in mind. Eliminating the trading fees on selected BTC spot trading pairs is another move towards that direction.”
“Within the span of five years, Binance has amassed an amazing community that believes in us and supports our vision. Our growth and achievements would not have been possible without them. We hope to give back to the community by providing them with the world’s best products and services,” added CZ.
Binance’s great range of offerings in the crypto space has over 28 million users. According to statistics, Binance gained profits somewhere between USD 800 million and USD 1 billion in 2020.
