Binance.US Cuts Fees as Crypto Exchanges Battle for Assets After FTX’s Implosion
- Firm offers zero-fee Ethereum trading, native-token discount
- Binance also offering volume-based markdowns, other discounts
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Binance.US, the US partner of the world’s largest digital-asset exchange, is cutting trading fees as it battles for customer cash following the collapse of FTX.
The exchange will now offer zero-fee trading on four of the most commonly-traded Ethereum market pairs, following a similar move with Bitcoin in June. It also announced a 25% fee markdown across all trading pairs when platform token Binance Coin is used to pay for the charges, as well as volume-based discounts, according to a statement on the company’s website.