Key takeaways:
- Binance has announced a zero-fee trading promotion that includes 13 Bitcoin trading pairs
- The exchange is launching the promotion globally on July 8, 2022
- The move comes roughly two weeks after Binance.US announced zero tradings fees to attract new customers and foster “positive sentiment”
Binance’s zero-fee Bitcoin trading promotion starts on July 8
Binance, the world’s largest cryptocurrency trading platform, announced on Wednesday a special promotion to commemorate its fifth anniversary. According to the official statement, Binance is eliminating trading fees on thirteen Bitcoin trading pairs. The full list of stablecoin and fiat currency trading pairs eligible for zero trading fees includes:
- BTC/USDT
- BTC/BUSD
- BTC/TUSD
- BTC/USDC
- BTC/USDP
- BTC/RUB
- BTC/EUR
- BTC/TRY
- BTC/AUD
- BTC/GDP
- BTC/BRL
- BTC/BIDR
- BTC/UAH
The promotion will be available to all Binance users, starting on July 8, 2022. The date coincides with Binance’s fifth anniversary of its 2017 launch. The company shared no official end date for the promotion apart from stating that the “new rates will be in effect until further notice.”
The move to eliminate trading fees for global users comes roughly two weeks after the exchange’s US arm, Binance.US, announced it will be slashing Bitcoin trading fees to zero. At the time, the company’s CEO Brian Shroder said that the move will help the platform attract new users and foster “positive sentiment”. It is worth noting that the shares of Coinbase, Binance’s arch rival, plunged nearly 10% on the announcement.
For more information about how the two leading crypto trading platforms compare when it comes to maker and taker fees, promotions, and other core features, click here.
