Binance Exchange, the world’s largest crypto trading venue by daily volume, has announced it will be scrapping trading fees on 13 spot Bitcoin trading pairs beginning on the 8th of July.
As announced by the trading platform, the move was to celebrate its 5th anniversary, while simultaneously establishing it as the true leader in pricing amongst other competing digital currency trading outfits in operation today. The exchange said the fees will be removed for 13 pairs including BTC/USDT, BTC/BUSD, BTC/USDC, BTC/EUR, BTC/TRY, and more.
“In line with our user-first philosophy, Binance has always strived to provide the most competitive fees in the industry. At its core, Binance is an inclusive platform with accessibility in mind. Eliminating the trading fees on selected BTC spot trading pairs is another move towards that direction,” said Changpeng Zhao (‘CZ), Binance Founder and Chief Executive Officer.
“Within the span of five years, Binance has amassed an amazing community that believes in us and supports our vision. Our growth and achievements would not have been possible without them. We hope to give back to the community by providing them with the world’s best products and services.”
Binance BTC Fee Scrap: a Global Affair
The trading platform said the fees will be scrapped indefinitely, giving its users an opportunity to enjoy the offer beyond the two weeks it designated for its anniversary.
The trading platform was founded back in July 2017, and in 5 years, it has not only grown as the leading crypto trading platform for both spot and derivatives trading, it has grown into a formidable ecosystem.
The Binance ecosystem has launchpads where many innovative projects like Coin98 have emerged. It also features infrastructure solutions, educational resources, research, social good, and charitable programs, investment and incubation initiatives, and more.
The move to suspend trading fees on its Bitcoin pairs takes precedence from a similar move announced by its subsidiary, Binance.US back in June. According to the US exchange, the move is a test run that may be extended to other digital trading pairs in the long term.
