Binance.US Removes Trading Fees For Ethereum Months After Doing Same For Bitcoin

Binance.US Removes Trading Fees For Ethereum Months After Doing Same For Bitcoin
фото показано с : zycrypto.com

2022-12-9 21:10

Binance.US says it has immediately eliminated trading fees for Ethereum (ETH). The exchange had previously cancelled the policy of charging fees on Bitcoin (BTC) as it pushed to become the leading platform in the industry. Binance.US is eyeing expansion outside of the U.S. mainland after gaining new licenses.

Binance.US has unveiled an early Christmas gift for users by removing trading fees for ETH while offering additional discounts for customers that pay trading fees with BNB.

The U.S. iteration of Binance has officially cancelled the requirement of trading fees for users that buy and sell ETH on the platform. The new policy will apply immediately to the spot market pairs of ETH/USD, ETH/USDT, ETH/USDC, and ETH/BUSD.

Gas fees will also not be charged for all ETH transactions made through the “Buy and Sell” feature on the platform. In addition, Binance.US also announced perks for customers using BNB to pay their trading fees as it looks to cement its place as the foremost exchange in the industry.

“By eliminating fees first on BTC and now ETH, we are raising awareness for the high fees consumers are paying on other platforms, and helping to restore trust in the greater ecosystem,” said Brian Shroder, Binance.US CEO. “Now more than ever, it’s critical that platforms operate with users’ interest first.”

In June, Binance.US removed all charges relating to Bitcoin (BTC) transactions in a move that mirrors the decision of Robinhood to introduce no-commission trading of digital assets back in 2018.

Digital asset exchanges typically rake in profits by charging a percentage on each trade, but even with the elimination of trading fees, exchanges can still earn on spreads. The decision of Binance.US to remove trading fees has been hailed as one that has the potential to improve the adoption rates of the asset class.

Binance.US spreads its tentacles

Binance.US disclosed that the top agenda is to gain a license in all 50 states before the end of the year. In line with the goals, the exchange went on to snag licenses in Louisiana and Colorado after confirming that it was on track to achieve the target.

With only three weeks to go until the end of the year, the exchange has yet to obtain an operational license in Hawaii, New York, Texas, and Vermont. However, it has successfully launched operations in the U.S. territories of American Samoa and Guam.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Open Trading Network (OTN) на Currencies.ru

$ 0.0064948 (+0.67%)
Объем 24H $0
Изменеия 24h: 1.44 %, 7d: 12.76 %
Cегодня L: $0.0064948 - H: $0.0064948
Капитализация $13.149k Rank 2181
Доступно / Всего 2.025m OTN / 100m OTN

trading fees binance eth offering additional removing

Источник: zycrypto.com

trading fees → Результатов: 126


Фото:

Venezuela Imposes Capital Controls on Bitcoin Remittance Amid Record Volume

Venezuela continues to reach new heights in terms of weekly Bitcoin trading volume. Meanwhile, the country’s government has issued new regulations that impose fees on Bitcoin remittance. 2,545 BTC: New Weekly Bitcoin Trading Record According to data from Coin Dance, Venezuelans traded 2,454 BTC via Localbitcoins (the P2P trading platform) for the week ending February 9, 2018.

2019-2-12 08:00


Фото:

Биржа криптовалютных деривативов Huobi добавила поддержку Litecoin

Платформа криптовалютных деривативов Huobi DM объявила о начале поддержки Litecoin (LTC) Huobi DM launches #Litecoin (#LTC) contract trading today! Delivery fees: 0. 05% Open/Close Trading fees: 0. 02% (Makers), 0.

2019-1-25 17:58


Фото:

Report: Huobi Overtakes Binance and OKEx in Commission Earnings

Cryptocurrency exchange Huobi has reportedly raked in a total of $483 million in commissions throughout 2018, more that the top two exchange by volume Binance and OKEx.   Half a Billion in Trading Fees According to a recent report by Korean media Sporbiz, China-based cryptocurrency exchange Huobi has raked in a total of $483 million USD in commissions throughout 2018.

2019-1-25 00:00


Фото:

Top Officials at Two Korean Cryptocurrency Exchanges Face Fraud Indictments

Several of South Korea’s top crypto exchanges have found themselves in hot water, with executives at a couple of exchanges facing criminal charges and jail time. According to a news report on the Korean website Blockinpress, the CEO of Komid, a Korean crypto exchange, has received a three-year prison sentence for committing fraud against investors by artificially inflating the exchange’s actual trading volume.

2019-1-23 00:57


TradePlace: Safe Crypto Exchange to Use for Trading?

TradePlace is a global innovation platform that provides a wide range of functionalities for traders from around the world. The platform is a unique exchange where customers are accorded high security through advanced techniques and systems, low trading fees to facilitate a liquid environment, a user-friendly interface, and a practical approach by issuing each verified […]

2019-1-18 01:13


XRP Base Pair on Binance Gaining Steam

Binance, Cryptocurrency, XRP–XRP, the currency which started the year trading at $3.80 per coin, may finish 2018 with some positive news in the form of an update from Binance. Given the liquidity of the XRP coin, in addition to its utility features which favor fast transactions and negligible fees, users have frequently clamored for exchanges […] The post XRP Base Pair on Binance Gaining Steam appeared first on Ethereum World News.

2018-12-23 02:38


Фото:

Poloniex продлила период безкомиссионной торговли USDC до конца декабря

Американская криптовалютная биржа Poloniex сообщила, что не будет взимать комиссию за торговлю в парах BTC/USDC до конца декабря. Ранее компания называла срок до конца ноября, но потом решила его продлить.

2018-12-11 16:10


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Peanut-themed memecoins surge as Vantard presale nears $500K

The crypto world is buzzing with the viral rise of Peanut-themed memecoins on the Solana blockchain, following the controversial death of Peanut the Squirrel. As the hype around these memecoins intensifies, Vantard’s presale is also closing in on the $500,000 mark, signaling a growing interest in high-potential meme assets.

SEC issues Wells notice to Immutable over IMX token, signaling potential security status

Immutable, a leading platform in the Web3 gaming space, recently received a Wells notice from the US Securities and Exchange Commission (SEC) indicating potential enforcement action. The notice, issued shortly after Immutable’s first interaction with the SEC, hints at allegations of securities law violations concerning Immutable’s IMX token, which launched in 2021. This notice has […]

TapSwap airdrop delay continues: is it the next Pi Network?

TapSwap, one of the biggest players in the tap-to-earn networks in Telegram, has continued to disappoint users who have been waiting anxiously for its token generation event (TGE), where holders will be able to convert their coins into fiat currencies.

Top 3 crypto predictions: Grass, AI Companions (AIC), Maker

The crypto market has had a fairly strong month in October, and November could be better as the fear and greed index rose to the greed area of 67. Bitcoin jumped from the September low of $49,220 to almost its all-time high of $73,800.

NYSE Arca aims to bring Grayscale Digital Large Cap Fund ETF to the market

NYSE Arca, a leading securities exchange, has petitioned US regulators for approval to list an exchange-traded fund (ETF) based on the Grayscale Digital Large Cap Fund. The Grayscale Digital Large Cap Fund, created in 2018, holds a diversified portfolio of digital assets, including prominent cryptocurrencies like Bitcoin, Ether, Solana, Avalanche, and XRP, and is valued […]