Binance Removes Bitcoin Trading Fees


Binance will remove bitcoin trading fees in its global platform in celebration for its fifth anniversary.

The move by the world’s biggest cryptocurrency exchange comes on the heels of a similar strategy enacted by its U.S. subsidiary, Binance.US. Late last month, the American firm squashed fees for spot bitcoin trading as it sought to increase its presence in the country and fire up competition. U.S. rival Coinbase’s stock took a hit after the feature was announced.

Binance’s move covers more ground than its U.S. counterpart. The global exchange said in a press release on Wednesday that starting on July 8, 2022 users will be able to trade spot BTC with no fees in 13 pairs, among fiat currencies and stablecoins, including the euro and the British pound as well as the two most popular stablecoins in the market: Tether’s USDT and Circle’s USDC. Traders can get the fee cut benefit with U.S. dollars only at Binance.US.

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