Binance updates its zero-fee Bitcoin trading program
Binance updates its zero-fee Bitcoin trading program
Cryptocurrency exchange Binance will update its zero-fee Bitcoin trading program. The changes will take effect on 09/07/2023 at 00:00 UTC.
The main change will affect the calculation of taker fees for BTC/TUSD and leveraged spot trading pairs, Binance said.
Depending on the client's VIP level, the exchange will determine the taker fee individually, according to the user's trading activity and trading on the platform. This approach is aimed at rewarding active traders and helping increase trading volume.
Binance is acting on its client-centric strategy, according to which users will continue to benefit from their activity. Leveraged traders will receive zero pending order fees for BTC/TUSD spot trading pairs, which will increase the performance of strategies.
Thus, users will continue to benefit from spot trading without paying pending order fees.
The program update will not only affect traditional trading. Binance's focus on accommodating different trading preferences is evident in the zero pending order fee for leveraged trading pairs. Binance also encourages leveraged trading, so leveraged traders with zero pending order fees will continue to enjoy the benefit of no fees.
It's worth noting that all trading volumes and metrics associated with the program are measured directly by the Binance exchange.
In addition, the crypto exchange reserves the right to cancel and disqualify trades that show signs of fraud or close illegally registered accounts.
Read also: Bitso has integrated the Tron network to reduce transaction costs.
