Binance US Eliminating Fees on Bitcoin Trades
The American cryptocurrency exchange BinanceUS is no longer charging fees for buying or selling Bitcoin with U.S. dollars. That includes eliminating fees on Bitcoin trades for the three top stablecoins: USDT, USDC, and BUSD. Such stablecoins are pegged to the U.S. dollar using USD reserves, or other highly liquid financial instruments.
The change, effective immediately, is “an opportunity to revolutionize the way fees are approached in our industry, increase accessibility to crypto, and help our market and customers in a time of need,” BinanceUS CEO Brian Shroder said in a company statement. This isn’t the exchange’s first unorthodox move of late. Despite the current crypto bear market, Binance has announced over 2,000 job openings, possibly in an effort to scoop up top industry talent that’s recently exited (or not quite joined) competitors such as Coinbase.
Source
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