According to the latest reports, Binance has eliminated the trading fees for ETH transactions. Check out the latest reports below.
Binance makes exciting announcements
It’s been just revealed that Binance.US is getting rid of trading fees for ether (ETH), the company said Tuesday, expanding its zero-free program beyond just bitcoin (BTC).
As the online publication CoinDesk notes, the free trading will apply to the following spot market pairs: ETH/USD, ETH/USDT, ETH/USDC and ETH/BUSD.
The exchange said it would also offer additional trading fee discounts to customers who pay their trading fees with BNB tokens.
It’s also worth noting the fact that back in June the exchange, a unit of the largest crypto exchange by volume, became the first U.S. crypto exchange platform to eliminate bitcoin trading fees in an effort to attract more users.
It’s important to note the fact that the exchange said at the time it would do the same for more tokens in the future.
“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,” said Brian Shroder, CEO and president of Binance.US, in a press release.”
In a lengthy thread, Changpeng Zhao says that Binance pulled out of its investments in FTX over a year and a half ago as something seemed off about the crypto exchange’s former CEO and its sister firm Alameda Research.
“As an early investor in FTX, we became increasingly uncomfortable with Alameda and [Bankman-Fried] and initiated the exit process more than 1.5 years ago.”
He continued and said this:
“Sam was so unhinged when we decided to pull out as an investor that he launched a series of offensive tirades at multiple Binance team members, including threatening to go to ‘extraordinary lengths to make us pay’ – we still have those text messages.”