Binance.US Reduces Fees on Multiple Trading Pairs Due to Continued Low Trading Volume

PANews reported on September 10th that, according to The Block, Binance.US has lowered fees for over 20 trading pairs, including Ethereum, Solana, BNB, and Cardano, due to a near-drying trading volume. The exchange stated that these trading pairs will now have a 0% maker fee and a 0.01% taker fee, with no subscription or trading volume requirements. Binance.US has also added over 20 new trading pairs to its "Level 0" pricing model. All Level 0 trading pairs (including BTC/USD, which replaced BTC/USDC) will now have a 0.01% taker fee while maintaining a 0% maker fee.

Since the US SEC filed a lawsuit against Binance and related entities in June 2023, Binance.US's trading volume has declined sharply. Data shows that as of August, Binance.US's share of trading volume on US fiat-backed exchanges had fallen from approximately 10% to approximately 0.20%. Although the SEC dropped its lawsuit against Binance and related entities in May of this year, trading activity on Binance.US remains minimal.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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