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

Staked ether withdrawals are imminent This will be the most pressing issue that Ethereum developers will tackle. After September’s Merge, when Ethereum switched its consensus mechanism to proof-of-…
1 year ago
Blockchain analysis firm Chainalysis said 2022 was “the biggest year ever” in terms of the number of crypto projects hit with attacks and drained of funds—and that was in October. It certainly felt…
1 year ago
Disgraced crypto mogul Sam Bankman-Fried today was released from custody by a New York judge under a $250 million bond agreement. That led to one big question across Crypto Twitter: Where did the…
1 year ago
Law enforcement authorities in Italy and Albania busted a suspected cryptocurrency investment scam estimated to have netted 15 million euros ($16 million). Assets worth 3 million euros were seized…
1 year ago
Brazil President Jair Bolsonaro on Thursday approved a crypto regulation bill recently passed by that country’s Chamber of Deputies and the Senate. The new law establishes a crime of fraud involving…
1 year ago