News Business: Crypto Exchange Binance.US Eliminates Trading Fees for Ether The exchange will also offer additional trading fee discounts to customers who pay their trading fees with BNB tokens. #News #Business #Crypto

Binance.US is getting rid of trading fees for ether (ETH), the company announced on Tuesday, expanding its zero-free program beyond just bitcoin (BTC). Free trading will apply to the following spot market pairs: ETH/USD, ETH/USDT, ETH/USDC and ETH/BUSD. The exchange will also offer additional trading fee discounts to customers who pay their trading fees with BNB tokens. Back in June, the exchange became the first U.S. crypto exchange platform to eliminate bitcoin trading fees in an effort to attract more users. It said at the time it would do the same for more tokens in the future. "By eliminating fees first on BTC and now ETH, we are…raising awareness for the high fees consumers are paying on other platforms, and helping to restore trust in the greater ecosystem,” said Brian Shroder, CEO and president of Binance.US, in a press release. In the wake of the FTX collapse and skeptical crypto market sentiments, JPMorgan said last month that centralized exchanges will continue to dominate digital-asset trading volumes. Binance.US also announced this week its launch in two new U.S. territories – American Samoa and Guam. It also received its Money Transmitter Licenses (MTLs) in Louisiana, bringing the total secured MLTs in the U.S. to 43. By Betsy Farber, Dec 7, 2022, https://www.coindesk.com/business/2022/12/07/crypto-exchange-binanceus-eliminates-trading-fees-for-ether/

vya4slav's Recent Blog Posts

Crypto lender Genesis tried to raise a $1 billion loan from investors to avoid a “liquidity crunch” driven by the fallout from crypto exchange FTX’s collapse, according to a Wall Street Journal…
2 years ago
El Salvador’s president Nayib Bukele announced that the Central American nation will begin purchasing one Bitcoin (BTC) every day. The announcement comes three and half months after El…
2 years ago
While non-fungible tokens (NFTs) are often associated with JPEG images, their real-world use cases continue to grow. As interest in digital collectibles surged last year, much of the focus was on…
2 years ago
Bored Ape Yacht Club hype was in full swing earlier this year as celebrities “aped into” the pricey Ethereum NFT collection. Some have even used their Apes to create products, themed restaurants,…
2 years ago
The FTX crisis has rocked the crypto landscape over the past couple of weeks. Here's a summary of what happened and how it has affected the industry as a whole. FTX began 2022 as the third-…
2 years ago