Tuesday August 23, 2022 ▪ 9:00 pm ▪
min read – with
Binance has more than 120 million users and captures almost 70% of the global crypto exchange market. It is clear, that the title “largest cryptocurrency exchange” automatically belongs to it. As the CZ company does not intend to give way to other exchanges anytime soon, it has decided to go on the offensive. Today, for example, it decided to stop charging fees for trading the ETH/BUSD pair.
ETH / BUSD traders pampered by Binance
Is this a decision related to Merge? Or simply an initiative to the bear market ? Certainly, Binance made a lot of people happy today with this announcement.
” Enjoy free #BTC trading?
Well, we have more good news for you. $ETH trading will be free on #Binance too!
Starting August 26, you will pay no fees when trading the $ETH/#BUSD pair. »
In other words, the exchange will no longer charge any fees for orders maker and receiver this year between 26 August and 26 September. That’s equivalent to a month’s worth of promotion for traders on the ETH/BUSD spot trading pair.
Note, however, that the ETH/BUSD spot trading pair will not receive any similar discount or fee waiver.
In addition, Binance VIP users will enjoy other benefits. Among other terms, they will enjoy a 30-day volume calculation exclusion for the level of trading fees.
For spot liquidity providers, “ maker volume on the ETH/BUSD spot trading pair will be excluded from the maker volume calculation for the Spot Liquidity Provider program “, emphasizes the Binance team on the company’s website.
No fees are charged for bitcoin trading
As of July 8, Binance has already winked at bitcoin traders registered on its platform. A present for his birthday?
The IS ” Denizens as the team likes to call its clients to enjoy fee waivers on the following 13 spot trading pairs:
- BTC/Try it;
- And BTC/USDT.
Until further notice, which means indefinitely, Binance will not charge any fees for the trade mentioned above. However, traders will not be eligible for any fee rebates or fee promotions from time to time.
In addition, those will get disqualified at the end of transactions involving fake or suspicious operations.
Binance, which according to CZ will go through the troubles, intends to take the bull of the “crypto winter” by the horns. Carnage or not, the cryptocurrency market needs to recover from this difficult situation it is currently going through. Fortunately, Binance is the proactive type to the point of rekindling the flames in the hearts of investors.
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