Binance US, the United States arm of the Binance crypto exchange, announced earlier this week that it had eliminated trading fees for Ether trading pairs. This latest development means that Binance users in the United States don’t have to pay any fees when they trade ETH pairs on the Binance US exchange.
The company announced this on Tuesday as it expands its zero-free program beyond just bitcoin (BTC). Binance US added that it would also offer extra trading fee discounts to customers who pay their trading fees with its native BNB tokens.
According to Binance US, free trading is applicable to the following spot market pairs: ETH/USD, ETH/USDT, ETH/USDC and ETH/BUSD.
In June 2022, Binance US became the first cryptocurrency exchange platform in the United States to eliminate bitcoin trading fees in a bid to attract more users. At the time, the crypto exchange said it would do the same for more tokens in the future.
While commenting on this latest development, Brian Shroder, CEO and president of Binance.US, said;
"By eliminating fees first on BTC and now ETH, we are ... raising awareness for the high fees consumers are paying on other platforms, and helping to restore trust in the greater ecosystem.”
Binance continues to dominate the cryptocurrency market in terms of trading volume despite FTX’s recent collapse. Centralized exchanges still record more trading volume compared to their decentralized counterparts.
Earlier this week, Binance US announced its launch in two new U.S. territories – American Samoa and Guam. The crypto exchange also received its Money Transmitter Licenses (MTL) in Louisiana, bringing the total secured MLTs in the United States to 43.
Binance has been expanding its presence in the cryptocurrency space in recent months. More positive Binance reviews ensure that the cryptocurrency exchange further cements its place as the world’s leading digital asset trading platform.