Users will be able to trade BTC for cash at no charge on 13 pairs, among fiat currencies and stablecoins.
Image Source : Binance
Starting Friday, Binance users will be able to trade Bitcoin for stablecoins and fiat currencies with zero fees.
Founded by Changpeng Zhao in 2017, Binance has quickly established itself as the number one digital coin trading company ahead of pioneers like Coinbase.
Last month, Binance US, the company’s U.S. arm, also launched fee-free trading on several Bitcoin pairs.
This decision was made in light of the platform’s fifth anniversary. Indeed, Binance wants to thank its users by offering them the transaction fees on more than a dozen Bitcoin (BTC) trading pairs. The measure will be effective from Friday, July 8 at noon, and its end date has not yet been announced.
Putting the user first
Users will be able to trade BTC for cash at no charge on 13 pairs, among fiat currencies and stablecoins, including the Euro and the British Pound as well as the two most popular stablecoins on the market: Tether’s USDT and Circle’s USDC. (BTC/AUD, BTC/BIDR, BTC/BRL, BTC/BUSD, BTC/EUR, BTC/GBP, BTC/RUB, BTC/TRY, BTC/TUSD, BTC/UAH, BTC/USDC, BTC/USDP and BTC/USDT.)
Traders can take advantage of the reduced fees with US dollars only at Binance.US.
According to the release, all users of the platform will be able to enjoy BTC trading without fees, regardless of their status. Users with VIP status will not have their trading volume calculation changed for the relevant period.
For Changpeng Zhao, CEO of Binance and a leading figure in the cryptocurrency ecosystem, the platform’s success is primarily due to its users:
Within five years, Binance has gathered an incredible 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 best products and services in the world.
Also according to the platform’s founder, with this news Binance continues to promote the purchase of cryptocurrencies with the minimum of fees:
In line with our philosophy of putting the user first, 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. The elimination of trading fees on certain BTC spot trading pairs is another step in that direction.