The ETH/BUSD spot trading pair will now be available for $0 fees from August 26 until September 26 on the cryptocurrency trading platform Binance, the firm said on August 23. Due to this, Binance traders can now benefit from reduced monthly fees. Enjoying 0 fee #BTC trading? Well, we've got more good news for you. $ETH trading will soon be free on #Binance too! Starting from August 26, you'll pay 0 fees when trading the $ETH/#BUSD spot trading pair. ➡️ https://t.co/FeELJnBu0P pic.twitter.com/rdydMACG60 — Binance (@binance) August 23, 2022 Zero-Fee Trading The crypto trading platform also eliminated trading costs for several Bitcoin pairs. The action was related to the giant’s fifth birthday. In late June, Binance experimented with zero-fee trading through a US-based subsidiary. It eliminated fees for American traders to increase user numbers and reduce Coinbase’s market share – which continues to dominate the American cryptocurrency market. Exchanges are looking for new strategies to maintain their user base due to declining pricing and dwindling interest in cryptocurrencies. Various Programs For VIP Users Additionally, Binance introduced various programs for VIP users and spot liquidity providers. The 30-day volume calculation toward the Trading Fee Level will not include a trading volume on the ETH/BUSD spot trading pair for VIP customers. For spot liquidity providers, maker volume on the ETH/BUSD spot trading pair will not ...
