Binance.US now offers zero-fee trading on four spot market pairings for BTC.
Customers will still pay a 0.5% fee when using the “Buy Crypto” function.
Binance cited rising fears of recession as its reason for lessening fees on its platform.
Binance.US, the American arm of one of the world’s largest cryptocurrency exchanges, is now offering zero-fee trading with spot bitcoin pairs, according to a press release sent to Bitcoin Magazine.
Binance customers will be able to trade four spot market pairs: BTC/USD, BTC/USDT, BTC/USDC, and BTC/BUSD for 0% fees. Also, users are able to convert from one cryptocurrency to another without fees, as well as use the over-the-counter (OTC) portal without fees. However, users of the platform will still pay a 0.5% fee when using the Buy Crypto function.