Binance.US has decided to eliminate any fees on spot trading of several popular crypto assets. The US branch of the major exchange decided that it will no longer charge any fees for the spot trade of BTC to US dollars and three major stable coins: Tether, USDC and BINANCE USD.
In response, the shares of Robinhood are currently down while those of COINBASE are down by as much as 5%.
Binance.US Powerplay To Gain More Users
Binance.US CEO Brian Shroder told Bloomberg that he believes that this news will generate positive user sentiment and will bring them more users.
Binance.US already has a low spot and general trading fees. Forbes Advisor ranked Binance.US number 1 amongst all crypto exchanges in the US, citing its industry-low fees.
Binance.US has confirmed that it will not make any money on zero fees crypto trading.
