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Zero Commission Revelation by Binance: Which Cryptocurrencies Are Eligible?

  • Binance is launching a promotion for True USD (TUSD), USD Coin (USDC), and Binance USD (BUSD) spot and margin trading fees.
  • TUSD market maker fees will be reduced to zero for all trading pairs.
  • Taker fees will be free for BTC/TUSD, TUSD/BUSD, and TUSD/USDT trading pairs.

Binance, the largest cryptocurrency exchange, has announced a promotion to reduce spot and margin trading fees for True USD (TUSD), USD Coin (USDC), and Binance USD (BUSD).

According to a recent blog post by Binance, market maker fees for all TUSD trading pairs will be reduced to zero. This means that there will be no transaction fees for market makers trading Bitcoin, Ethereum, Cardano, and other cryptocurrencies against TUSD. However, standard fees will still apply for market takers, except for BTC/TUSD, TUSD/BUSD, and TUSD/USDT trading pairs, where the fees will be waived.

During the promotion period, users will also be able to enjoy zero transaction fees for trading between various dollar-backed stablecoins, such as BUSD/USDT, TUSD/BUSD, TUSD/USDT, USDC/USDT, and USDP/USDT. The promotion for TUSD and BUSD will be valid starting from 30 June 03:00 (TSI) and will continue until the next announcement. Additionally, the zero market maker fees for BUSD trading pairs will be extended until 31 December 03:00 (TSI), excluding BNB/BUSD, BTC/BUSD, and ETH/BUSD trading pairs. Market takers trading BUSD pairs will be able to trade for free on BUSD/USDT and TUSD/BUSD pairs, while standard fees will apply for other trading pairs.

Binance Launches Promotion for TUSD, USDC, and BUSD Trading Fees

Reduced Market Maker Fees for TUSD Trading Pairs

Binance, the leading cryptocurrency exchange, is introducing a new promotion that aims to benefit traders using True USD (TUSD), USD Coin (USDC), and Binance USD (BUSD). As part of this promotion, Binance will eliminate market maker fees for all TUSD trading pairs. This means that market makers trading popular cryptocurrencies like Bitcoin, Ethereum, and Cardano against TUSD will not incur any transaction fees. By reducing these fees to zero, Binance aims to incentivize market makers and enhance liquidity in the TUSD trading market.

Free Taker Fees for Select TUSD Trading Pairs

In addition to the zero market maker fees, Binance will also waive taker fees for specific TUSD trading pairs. Traders using the BTC/TUSD, TUSD/BUSD, and TUSD/USDT pairs will be able to execute their trades without any taker fees. This provides an opportunity for traders to save on transaction costs when trading these popular cryptocurrency pairs. However, standard fees will still apply for takers using other trading pairs, ensuring a fair and consistent fee structure across the platform.

Zero Transaction Fees for Stablecoin Trading

During the promotional period, Binance users will have the advantage of zero transaction fees when trading between various dollar-backed stablecoins. This includes trading pairs such as BUSD/USDT, TUSD/BUSD, TUSD/USDT, USDC/USDT, and USDP/USDT. Traders can take advantage of this opportunity to seamlessly exchange between stablecoins without incurring any fees. This promotion aims to facilitate stablecoin trading and provide users with a cost-effective solution for managing their digital assets.

Overall, Binance’s promotion for TUSD, USDC, and BUSD trading fees demonstrates the exchange’s commitment to providing a competitive and user-friendly trading environment. By reducing fees for market makers and offering fee waivers for select trading pairs, Binance aims to attract more traders and enhance liquidity in the cryptocurrency market. Traders can take advantage of these promotional offers to optimize their trading strategies and maximize their returns.

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Gideon Wolfhttps://en.coinotag.com/
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