{"id":15603,"date":"2022-12-07T20:24:45","date_gmt":"2022-12-07T20:24:45","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/binance-us-eliminates-trading-fees-for-ethereum\/"},"modified":"2022-12-07T20:24:46","modified_gmt":"2022-12-07T20:24:46","slug":"binance-us-eliminates-trading-fees-for-ethereum","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/binance-us-eliminates-trading-fees-for-ethereum\/","title":{"rendered":"Binance US eliminates trading fees for Ethereum"},"content":{"rendered":"<p><\/p>\n<div data-v-0aad2d21=\"\">\n<p>Binance US has announced that it has expanded its \u201czero fee price model\u201d to Ether (ETH) effective immediately.\u00a0<\/p>\n<p>According to the announcement, users are now able to freely trade\u00a0four Ether spot market pairs: ETH\/USD, ETH\/USDT, ETH\/USDC and ETH\/BUSD.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Just in time for the holidays, the best <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#crypto<\/a> platform for low fees just got even better.<a rel=\"nofollow\" href=\"https:\/\/twitter.com\/hashtag\/BinanceUS?src=hash&amp;ref_src=twsrc%5Etfw\">#BinanceUS<\/a> is pleased to offer zero-fees when you buy <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\">#Ethereum<\/a> or trade ETH\/USD, ETH\/USDT, ETH\/BUSD &amp; ETH\/USDC, for all users with no trading volume requirements.<\/p>\n<p>\u2014 Binance.US  (@BinanceUS) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/BinanceUS\/status\/1600496453151068160?ref_src=twsrc%5Etfw\">December 7, 2022<\/a><\/p><\/blockquote>\n<p>Effective immediately, the US exchange has also eliminated gas fees on all Ethereum transactions made through the \u201cBuy &amp; Sell\u201d feature on its website.\u00a0<\/p>\n<p>In June, Binance US followed in the footsteps of Robinhood, which pioneered no-commission crypto trading in 2018, by removing all\u00a0Bitcoin (BTC)spot market trading fees for BTC\/USD, BTC\/USDT, BTC\/USDC, and BTC\/BUSD.<\/p>\n<p>Binance US operates as an independent entity in the United States but still bears the same name and logo as the global Binance crypto exchange. As the name implies, Binance US caters primarily to American crypto traders.<\/p>\n<p>According to Binance US president and CEO Brian Shroder, eliminating fees on both BTC and ETH cements the company&#8217;s position &#8220;as the low fee leader in crypto.&#8221; He added that &#8220;now, more than ever, it is critical that platforms operate with users\u2019 interests first.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">By eliminating these fees, we continue to cement our position as the low fee leader in crypto, bringing greater pricing competition &amp; helping to restore trust in the broader ecosystem.<\/p>\n<p>Now, more than ever, it&#8217;s critical that platforms operate with users\u2019 interests first.<\/p>\n<p>\u2014 Brian Shroder (@BrianShroder) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/BrianShroder\/status\/1600501964416208898?ref_src=twsrc%5Etfw\">December 7, 2022<\/a><\/p><\/blockquote>\n<p><strong><em>Related:\u00a0Why the battle for low or no transaction fees really matters<\/em><\/strong><\/p>\n<p>Exchanges play a crucial role in crypto adoption. Facilitating zero-fee transfers encourages users to transact more with digital assets. If sending funds from one point to another is expensive, millions of potential users would avoid or limit their use of the technology.<\/p>\n<p>Exchanges that avoid charging fees can still earn on no-fee transactions through spreads. In trading, a spread is known as the difference between the bid (sell) price and the ask (buy) price of a trading pair.<\/p>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance US has announced that it has expanded its \u201czero fee price model\u201d to Ether (ETH) effective immediately.\u00a0 According to the announcement, users are now able to freely trade\u00a0four Ether spot market pairs: ETH\/USD, ETH\/USDT, ETH\/USDC and ETH\/BUSD. Just in time for the holidays, the best #crypto platform for low fees just got even better.#BinanceUS [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15604,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[42],"tags":[],"class_list":["post-15603","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Binance US eliminates trading fees for Ethereum | NFT &amp; Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nftandcrypto-news.com\/crypto\/binance-us-eliminates-trading-fees-for-ethereum\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Binance US eliminates trading fees for Ethereum | NFT &amp; Crypto News\" \/>\n<meta property=\"og:description\" content=\"Binance US has announced that it has expanded its \u201czero fee price model\u201d to Ether (ETH) effective immediately.\u00a0 According to the announcement, users are now able to freely trade\u00a0four Ether spot market pairs: ETH\/USD, ETH\/USDT, ETH\/USDC and ETH\/BUSD. 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