Binance, the leading cryptocurrency exchange by trading volume, announced that it has reset transaction fees for 2 altcoins.
Binance announces zero-fee transactions for 2 altcoins
Prior to the Ethereum merge, Binance reset ETH and BUSD pair transaction fees. The highly anticipated Merge will take place around September 15 due to technical changes. As the crypto market expects increased interest in ETH in the coming days, Binance has reset fees for the stablecoin pair. Recently, ETH price took the opportunity to evaluate the news as the market prepares for the update. Until the last sale, we saw the leading altcoin again exceed $ 2,000.
Binance resets ETH/BUSD transaction fees
In an announcement on Tuesday, Binance announced that there will be no transaction fees on the pair:
All users will benefit from zero maker and taker fees for the ETH/BUSD spot trading pair. The ETH/BUSD spot trading pair will be excluded from BNB fee reductions, fee reductions or any other fee adjustments or fee promotions.
Enjoying 0 fee #BTC trading?
Well, we've got more good news for you. $ETH trading will soon be free on #Binance too!
Starting from August 26, you'll pay 0 fees when trading the $ETH/#BUSD spot trading pair.
➡️ https://t.co/FeELJnBu0P pic.twitter.com/rdydMACG60
— Binance (@binance) August 23, 2022
Ethereum network resurrects as Merit approaches
cryptocoin.com As you follow, Ethereum has been getting lauded lately as the merge approaches. The anticipated September 15 launch caught the crypto community with the huge incentives promised. The upcoming update has also led to an increase in development activity on the Ethereum network over the past few weeks. Thus, it supports Ethereum to rank among the projects with the highest development activity in the last 30 days. At 401, Ethereum is currently leading the chart with close competitors such as Polkadot (400), Kusama Network (400), and Cardano (389).
Preparations around the merge are considered silver linings in the crypto bear market as of now. The promise of high income has attracted many investors to stake ETH 2.0. According to OKLink’s new update, the number of ETH 2.0 deposit contract addresses has now reached 13,343,768. Meanwhile, the stake rate has exceeded 11.17% as around 36,000 ETH has been added weekly and 153,000 new ETH has been deposited since August.
Additionally, crypto reporter Colin WU reports that Ethereum 2.0 client “Teku” has released version v22.8.1 on the platform. This is the latest action to support the Merge transition in September. As Wu claims, this is a necessary update that includes the Bellatrix upgrade and unified pass configuration. All users must upgrade their version by September 6th.
Ethereum itself has been trying to rediscover its lost spark since 2018. Meanwhile, recent Ethereum dominance has reached its highest point since 2018, surpassing its previous 55% peak during May 2021 sales.
