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.