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The world’s largest cryptocurrency exchange Binance is launching zero-fees trading for Ethereum ETH/USD on its platform.
What Happened: Binance said that the zero fees trading option for ETH would go live on Friday.
Trade $ETH for free on #Binance. https://t.co/iTQcgQMFsL
— CZ Binance (@cz_binance) August 23, 2022
The zero fees option will apply for the ETH/BUSD spot trading pair. BUSD or Binance USD BUSD/USD is a Binance-issued stablecoin that is pegged to the value of the U.S. Dollar. At press time, BUSD had a market cap of $19 billion, making it the third largest stablecoin after Tether USDT/USD and USD Coin USDC/USD.
Last month, Binance launched a zero Bitcoin trading fees option for users worldwide to commemorate its 5thbirthday. The zero fees offers comes at a time when the crypto market has been in largely bearish territory, forcing other exchanges like Coinbase Global Inc COIN to report lower revenues due to a slowdown in trading activity.
No one’s following, so we are in a race to 0 with ourselves. Leading is lonely sometimes.
8/23, #Binance Launches 0-Fee ETH Trading
7/6, #Binance Launches 0-Fee BTC Trading
2/14, #Binance Extends 0 Fee to all $USD stablecoin pairs
12/17, #Binance Extends 0 Fee for 4 BUSD Pairs
— CZ Binance (@cz_binance) August 23, 2022
Binance CEO Changpeng Zhao said that Binance was “making enough” to offer competitive products to users.
We are making enough.
— CZ Binance (@cz_binance) August 23, 2022
See Also: HOW TO BUY ETHEREUM (ETH)
Price Action: At press time, BTC and ETH were trading at $21,322 and $1,629 at press time, up 0.07% and 0.50% respectively over the last day. Dogecoin DOGE/USD was trading at $0.067, down 1.3% over the same period, as per data from Benzinga Pro.
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Image and article originally from www.benzinga.com. Read the original article here.