Binance.US slashes trading fees across listed cryptocurrencies in a bid to attract users
Binance.US has reduced spot trading fees to near zero to attract users and compete with other exchanges.Summary
Binance.US has announced a significant reduction in spot trading fees across all digital assets, aiming to attract more users and increase competition within the U.S. crypto exchange market. The new fee structure offers 0% maker fees and 0.02% taker fees on all trading pairs, a move CEO Stephen Gregory stated aims to make Binance.US the most affordable regulated U.S. platform. This initiative comes as Binance.US has struggled with user acquisition, evidenced by its low trading volumes compared to global Binance and Coinbase. The exchange previously experimented with lower fees on certain Bitcoin pairs and its top 20 trading pairs. Binance.US has faced challenges since its 2019 launch, including a lawsuit from the SEC in June 2023 that temporarily suspended its fiat operations, and broader legal issues involving Binance and its former CEO Changpeng Zhao. The platform has since restored U.S. dollar services.
(Source：The Block)