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Binance to Eliminate Fees for Bitcoin Spot Trading

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Alex Dovbnya

Binance has moved to remove fees for a slew of Bitcoin spot trading pairs

Bitcoin, the world’s largest cryptocurrency exchange by reported trading volumes, has removed fees for a wide range of Bitcoin spot pairs on the occasion of its fifth anniversary, according to an announcement posted this Wednesday. 

Users will be able to trade Bitcoin against Tether (USDC), Binance USD (BUSD), Circle’s USD Coin (USDC), the euro, the Turkish lira and other fiat currencies.

Binance claims that users will be able to enjoy zero-fee trading “until further notice.” It will be introduced starting from July 8. 

In his statement, Binance CEO Changpeng Zhao said that his exchange had always strived to offer the most compelling fees within the industry. By introducing zero-fee trading for a bunch of Bitcoin pairs, the company wants to give back to the community, CZ says. 

The announcement comes after Binance.US introduced zero-fee trading for Bitcoin last month.   

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