To commemorate its fifth anniversary, the Binance platform is waiving transaction fees on more than a dozen Bitcoin (BTC) trading pairs. The act will go into force on Friday, July 8 at noon, and no expiration date has been specified.
Binance charges fees for Bitcoin trading.
Binance is waiving transaction fees (fees) on more than a dozen trading pairs on its spot market to commemorate its fifth anniversary.
The temporary suspension of transaction costs will begin on Friday, July 8 at 12:00 p.m. (Paris time), but no expiration date has been declared.
According to the statement, regardless of their position, all platform users will be able to profit from free BTC trading. Users with VIP status will not observe any changes to their trading volume calculation throughout the relevant time.
According to Changpeng Zhao, CEO of Binance and a symbol of the cryptocurrency ecosystem, the platform’s success is primarily thanks to its users:
“In the space of five years, Binance has assembled an incredible community that believes in us and supports our vision. Our growth and achievements would not have been possible without her. We hope to give back to the community what it has given us by providing the best products and services in the world. ”
According to the platform’s creator, Binance will continue to push the purchase of cryptocurrencies at the lowest possible cost with this news:
“In line with our philosophy of putting the user first, Binance has always strived to provide the most competitive fees in the industry. At its core, Binance is an inclusive platform with accessibility in mind. The elimination of trading fees on certain BTC spot trading pairs is another step in this direction. “
Binance is still the biggest cryptocurrency exchange, with more than $10 million in volume exchanged in the last 24 hours, outpacing its major competitor FTX, which had $1.7 million in volume transacted in the same time frame.