The U.S. arm of the crypto exchange Binance.US has significantly reduced its spot trading fees in an effort to expand its user base and improve competitiveness.

According to the exchange’s statement, transaction fees for all digital assets listed on the platform have been reduced to nearly zero.

Under the new pricing model, users will pay 0% fees on spot trades, while taker trades will incur only a 0.02% fee. Maker orders are trades that add liquidity to the order book, whereas taker orders are trades that execute immediately against existing orders and remove liquidity.

Steven Gregory stated:
“American crypto investors have long paid high fees. We are demonstrating that a regulated platform can also be the most cost-efficient.”

This move could put pressure on competing exchanges, especially in the United States. For instance, on Coinbase, transaction fees vary depending on trade size, often making costs higher for smaller investors. Crypto exchanges are frequently criticized for charging higher fees compared to traditional brokerage firms.

Founded in 2019, Binance.US still significantly lags behind the global Binance in trading volume. According to recent data, its daily trading volume remains relatively limited.

The platform’s growth slowed after a lawsuit filed by the SEC in 2023. However, following the case’s closure and the resumption of USD operations, the company is aiming to strengthen its market position through its new fee policy.

See also: "Altcoins with the highest number of users over the past week revealed!"

#Binance #USA

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