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Crypto exchange Binance.US has removed trading fees for Bitcoin spot market trades for all users and without trading volume requirements.
“We see this as an opportunity to revolutionize the way fees are approached in our industry, increase accessibility to crypto, and better support our market and customers in a time of need," said Brian Shroder, CEO of Binance.US.
He also added that he hoped the company's pricing model would see broader industry adoption over time. This, in turn, will have positive impact on the ecosystem and market participants overall, Shroder says.
Furthermore, Binance.US will not be earning a spread from its no-fee transactions, and will instead be generating revenue from other sources including a new staking service. According to Shroder, the zero-trading fees will generate positive user sentiment that will bring us new users.
He added that there are plans to expand the list of tokens that will offer zero-fee trading in the future. At present users of the U.S.-licensed exchange can take advantage of fee-free trading on four BTC spot pairs — BTC/USD, BTC/USDT, BTC/USDC, and BTC/BUSD.
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