{"id":466726,"date":"2022-06-23T07:38:01","date_gmt":"2022-06-23T04:38:01","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/binance-u-s-makes-btc-trading-fee-free-as-competitors-feel-the-heat\/"},"modified":"2022-06-23T07:38:01","modified_gmt":"2022-06-23T04:38:01","slug":"binance-u-s-makes-btc-trading-fee-free-as-competitors-feel-the-heat","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/binance-u-s-makes-btc-trading-fee-free-as-competitors-feel-the-heat\/","title":{"rendered":"# Binance U.S. makes BTC trading fee-free as competitors feel the heat"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3873895e172\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3873895e172\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/binance-u-s-makes-btc-trading-fee-free-as-competitors-feel-the-heat\/#%E2%80%9D_Binance_US_makes_BTC_trading_fee-free_as_competitors_feel_the_heat_%E2%80%9C\" >&#8221; Binance U.S. makes BTC trading fee-free as competitors feel the heat &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Binance_US_makes_BTC_trading_fee-free_as_competitors_feel_the_heat_%E2%80%9C\"><\/span>&#8221; Binance U.S. makes BTC trading fee-free as competitors feel the heat &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvOTRmMjlhZjktZGQ5My00NWM1LTliMjItZDU1MzQwOTI0ZmFhLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Crypto exchange Binance.US has removed trading fees for Bitcoin (BTC) spot market trades, following in the footsteps of Robinhood which pioneered no-commission crypto trading in 2018.\u00a0<\/p>\n<p>Brian Shroder, CEO of Binance.US said the move makes the company the first U.S. crypto exchange to eliminate spot trading fees for Bitcoin for all users and without trading volume requirements. He added that they would also not be earning a spread on trades. <\/p>\n<p>\u201cWe see this as an opportunity to revolutionize the way fees are <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roached in our industry, increase accessibility to crypto, and better support our market and customers in a time of need.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">3\/ We hope our pricing model sees broader industry adoption over time, because that would have a positive impact on the ecosystem and market participants overall. We are happy to lead the race to zero-fees everywhere.<br \/>See you on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BinanceUS?ref_src=twsrc%5Etfw\">@BinanceUS<\/a><\/p>\n<p>\u2014 Brian Shroder (@BrianShroder) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BrianShroder\/status\/1539609260413583361?ref_src=twsrc%5Etfw\">June 22, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nThe <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> of increased competition on fees puts pressure on its competitors to do likewise. Shares in rival U.S. exchange Coinbase fell 9.71% on Wednesday, going down to $51.91 per share. Robinhood (HOOD), which is already at all time low prices, saw its share price stay relatively stable (-0.79% to $7.49 at the time of writing.)<\/p>\n<p>Coinbase currently charges trading fees of between 0% and 0.50%, Kraken charges fees between 0% to 0.26%, and FTX.US charges trading fees of between 0% and 0.20%. <\/p>\n<p>The amount charged as a trading fee typically depends on the currency pair, 30-day trading volume, and whether the order is a maker or taker order. <\/p>\n<p>Shroder told Bloomberg on June 22 that Binance.US would not be earning a spread from its no-fee transactions, and would instead be generating revenue from other sources including a new staking service. <\/p>\n<blockquote><p>\u201cWe take no spread, because we are not involved in the transaction.&#8221;<\/p><\/blockquote>\n<p>He said the zero-trading fees would generate positive user sentiment that will \u201cbring us new users,\u201d and said 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 Bitcoin spot market pairs \u2014 BTC\/USD, BTC\/USDT, BTC\/USDC, and BTC\/BUSD. <\/p>\n<p>Addressing his 8,200 <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> followers, Shroder added that the company will also be rolling out a new tiered pricing model, which will go into effect in the summer.<\/p>\n<p>The tiered system will be split into three parts, Tier 0, which offers free trading on certain cryptocurrencies, including the BTC pairs recently announced, Tier 1 and Tier 2, which will have trading fees determined on a \u201cper-asset\u201d basis. More information on this is expected in July. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Bear market no issue for Binance Labs\u2019 DeFi incubation program<\/em><\/strong><\/p>\n<p>Formed in 2019, Binance.US is the American affiliate of crypto-exchange giant Binance. The exchange caters only to American cryptocurrency traders and is managed independently to the main company.<\/p>\n<p>Robinhood was one of the early pioneers of zero-fee stock trading when it was founded in 2014, prompting a number of online brokerages to follow suit in the years following. No commission trading for crypto began in 2018. Though it doesn\u2019t charge fees, it is able to earn a spread on its no-fee transactions. In trading, a spread is the difference between bid (sell) price and ask (buy) price of a trading pair. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The best <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#crypto<\/a> platform for low fees just got better. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BinanceUS?src=hash&amp;ref_src=twsrc%5Etfw\">#BinanceUS<\/a> is the first major platform to offer zero-fee <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#bitcoin<\/a> trades for BTC\/USD, BTC\/USDT, BTC\/USDC &amp; BTC\/BUSD spot pairs, for all users without trading volume requirements. <\/p>\n<p>Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/UYvNNvael2\" data-amp=\"https:\/\/blog-binance-us.cdn.ampproject.org\/c\/blog.binance.us\/zero-fees-bitcoin\/amp\/\">https:\/\/t.co\/UYvNNvael2<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/YDV0x3dfcJ\">pic.twitter.com\/YDV0x3dfcJ<\/a><\/p>\n<p>\u2014 Binance.US  (@BinanceUS) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BinanceUS\/status\/1539604892502949888?ref_src=twsrc%5Etfw\">June 22, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/binance-u-s-makes-btc-trading-fee-free-as-competitors-feel-the-heat\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Binance U.S. makes BTC trading fee-free as competitors feel the heat &#8220; Crypto exchange Binance.US has removed trading fees for Bitcoin (BTC) spot market trades, following in the footsteps of Robinhood which pioneered no-commission crypto trading in 2018.\u00a0 Brian Shroder, CEO of Binance.US said the move makes the company the first U.S. crypto exchange&#8230;<\/p>\n","protected":false},"author":1,"featured_media":466727,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvOTRmMjlhZjktZGQ5My00NWM1LTliMjItZDU1MzQwOTI0ZmFhLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75014,74862,74863,74860,117,72927],"class_list":["post-466726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-binance","tag-bitcoin","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-business","tag-fees"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/466726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=466726"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/466726\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/466727"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=466726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=466726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=466726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}