Binance does everything differently – Binance waives trading fees of several pairs of cryptocurrencies, while the cryptocurrency exchange shakes up the sector in the midst of a bear market.
Binance celebrates: Zero on Bitcoin
The cryptocurrency platform blows out its 5 candles and offers a gift to its customers. According to a press release dated July 6, the company will deleteas of July 8, trading fees for spot trading of 13 pairsincluding BTC/USDT, BTC/BUSD, BTC/USDC, BTC/EUR, and BTC/TRY.
This commercial gesture is part of the 5th anniversary celebration of Binance, for the next 2 weeks following the announcement. Platform users will be able to trade these pairs free of charge ” until further notice “.
Temporarily or permanently, the company shakes up practices in the sector. Last month, the US branch of Binance became the first crypto exchange in the country, to eliminate fees linked to the exchange of bitcoin (BTC) with US dollar or stablecoins paired with the greenback: Tether (USDT), USD Coin (USDC), and Binance USD (BUSD).
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A surprising tempo in the middle of the bear market
As the crypto winter continues, the CEO of Binance US, Brian Schroderspoke of a change that would allow“increasing accessibility to cryptocurrencies” and help customers “in times of need”.
Generous, she is! This decision by Binance on thecancelation transaction fees surprised however more than one, since fees are the main sources of revenue for the business. In addition, these measures affect Bitcoin and Tether, which nevertheless record high transaction volumes on the platform.
Surprise being at the heart of the art of war, Binance is stringing together unexpected moves that go against those of its competitors, in the current bearish context.
Indeed, a few days before the entry into force of these modifications on the fees for its American branch, Binance had announced the publication of more than 2,000 job offersrecruitments that run counter to hiring freezes and massive layoffs at Coinbase.
This zero fees gives Binance customers 5x more reason to send their best wishes. Like a Cristiano Ronaldo which collaborates with the company for the launch of his NFT collectionsBinance dribbles its opponents and scores points, as the bears bully many crypto exchanges.
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