Binance US introduces zero trading fees for ETH to USD and stablecoins
The US branch of the world's largest cryptocurrency exchange has eliminated all Ethereum trading fees.
Binance US introduced zero trading fees for ETH paired with USD and three stablecoins - BUSD, USDT and USDC. Previously, this platform did the same for Bitcoin (BTC). This change is one of many that have taken place recently. It focuses on improving user sentiment.
Binance US introduces zero trading fees for ETH
The US branch of the world's largest digital currency exchange by daily trading volume has eliminated all trading fees for Ethereum. This happened 6 months after the introduction of the same solution for the leading cryptocurrency - Bitcoin.
Zero fees on Binance US will cover ETH to USD and three stablecoins – USDT, USDC and BUSD. The company revealed in a press release sent to the media that it intends to consolidate the valuation of its Tier 1 and Tier 2 assets into one layer in January 2023.
Binance US CEO Brian Shroder stressed that the change is one of many improvements focusing on the "customer experience". In this way, this platform wants to become the industry leader in terms of charging low fees.
“Now after the massive bankruptcy of FTX, it is more important than ever that platforms focus on the interests of users first,” said a Binance US representative. It is worth adding that this company has also taken steps to restore trust in the cryptocurrency environment.