Binance launches zero-fee EUR trading promotion
Binance launches zero-fee EUR trading promotion
Binance, the world's largest cryptocurrency exchange by trading volume, has unveiled a EUR trading initiative to strengthen its foothold in the European market.
Binance has introduced a beneficial promotion for its European users, offering zero fees on EUR deposits and selected EUR spot trading pairs. The "EUR Summer Festival" promotion, which will run from August 16 to September 16, 2024, will allow both new and existing users to take advantage of zero-fees on selected transactions, increasing trading affordability and reducing losses.
During the promotion period, eligible users can take advantage of two key offers.
The first, "Promotion A," allows users to deposit euros via SEPA bank transfer without incurring any fees. This offer is available to users making their first EUR deposit during the campaign, provided they register for the promotion and deposit at least 100 EUR.
The second offer, "Promotion B," focuses on EUR spot trading pairs. Users who register and meet the trading volume requirements can trade popular EUR pairs such as EUR/USDC, BTC/EUR, and ETH/EUR with zero fees. New spot trading users need to trade a minimum of 300 EUR, while existing users are required to trade at least 1,000 EUR to qualify. The fees incurred on these trades will be rebated in the form of USDC token vouchers, with a cap of $6 per user. These rebates will be processed within 21 days after the promotion ends.
By offering zero-fee trading and deposits, Binance seeks to lower the barrier to entry for European traders and make its platform more appealing in a region that is increasingly embracing cryptocurrencies.
As the regulatory landscape in Europe continues to evolve, Binance's ability to offer competitive EUR trading conditions will be important in maintaining its market leadership.
