Binance US users will now be able to trade bitcoins for free on four trading pairs. They will also be able to benefit from a reduced commission of 0,5% when using the “Buy Crypto” feature.
Free Bitcoin trading
The US branch of the giant Binance knows how to attract customers. In a cryptocurrency market in recession, just like traditional stock markets, the platform announced to offer zero commission trading on bitcoin cash pairs.
In particular, four pairs of markets are involved: BTC / USD, BTC / USDT, BTC / USDC e BTC / BUSD. But the generosity of the US version of the platform doesn't stop there. Users can also do free cryptocurrency conversions and use the over-the-counter (OTC) portal without spending a single penny. However, by activating the “Buy crypto” function, they will have to pay a fee, but moderate, equal to 0,5%.
We see it as an opportunity to revolutionize the way commissions are dealt with in our industry, to increase accessibility to cryptocurrencies, and to help our market and customers when needed.
Brian Shroder, CEO of Binance US
Arm yourself against weakened competition
We remember that trading fees are the main source of income for cryptocurrency exchange platforms and that, by proposing this type of agreement, Binance US is putting a spoke in the wheel. This new option also illustrates its good results at a time when many of its competitors appear to be in worse shape, such as Coinbase, the number one platform in the US, which is suffering from this cryptocurrency winter.
With recession fears and inflation costs rising, we believe it is important to deliver greater savings on Bitcoin and value to all members of the crypto ecosystem.
Brian Shroder, CEO of Binance US
