The US arm of the cryptocurrency exchange Binance Binance USannounced that it has removed trading fees on Ethereum (ETH) spot transactions.
The continuation of the bear trend in the cryptocurrency market has led the exchanges to make new plans to attract investors. Those who have kept their investments since last year have recently suffered a loss of almost 80 percent. In this case, investors hesitated to make a new entry into the crypto money market. The decrease in volume and decrease in liquidity in crypto exchanges drew attention. Against this situation, stock markets started to carry out various studies to attract investors. Launchpad projects, futures, new listings are examples of these. Finally, Binance has moved its zero transaction fee model for Bitcoin to Ethereum.
Binance US Launches Zero Transaction Fee Model for Ethereum
Serving the US side, Binance US has launched a zero transaction fee model for Ethereum (ETH) spot transactions.
The exchange announced today that all new and existing users of Binance.US will not pay fees for trading Ethereum in four pairs: ETH/USD, ETH/USDT, ETH/USDC, and ETH/BUSD.
Binance.US CEO and president Brian ShroderIn his statement, he stated:
“By removing fees, first in BTC and now in ETH, we further solidify our low-fee leadership position in crypto, raise awareness of the high fees consumers pay on other platforms, and help restore trust in the larger ecosystem.”
