{"id":573177,"date":"2022-07-06T16:46:21","date_gmt":"2022-07-06T15:46:21","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=573177"},"modified":"2022-07-06T16:46:21","modified_gmt":"2022-07-06T15:46:21","slug":"binance-launches-zero-fee-bitcoin-trading-for-13-spot-pairs-as-it-celebrates-its-5th-anniversary","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/binance-launches-zero-fee-bitcoin-trading-for-13-spot-pairs-as-it-celebrates-its-5th-anniversary\/","title":{"rendered":"Binance Launches Zero-Fee Bitcoin Trading for 13 Spot pairs as it Celebrates its 5th Anniversary."},"content":{"rendered":"<p>Summary:<\/p>\n<ul>\n<li>Binance has announced the launch of zero-fee Bitcoin for 13 spot trading pairs beginning July 8th until further notice.<\/li>\n<li>The discounted trading is part of the exchange&#8217;s fifth-anniversary celebrations.<\/li>\n<li>The 13 Bitcoin pairs are mostly against fiat and stablecoins on the exchange.<\/li>\n<li>Binance US also announced zero-fee Bitcoin trading last month.<\/li>\n<\/ul>\n<p>The team at Binance has <a href=\"https:\/\/www.binance.com\/en\/support\/announcement\/10435147c55d4a40b64fcbf43cb46329\" target=\"_blank\" rel=\"nofollow noopener\">announced<\/a> the launch of zero-free Bitcoin trading for 13 spot pairs. The offer begins on July 8th until further notice.<\/p>\n<h2>Zero-Free Bitcoin Trading On Stablecoin and Fiat Pairs.<\/h2>\n<p>According to the official announcement, the discounted trading is part of the exchange&#8217;s fifth-anniversary celebrations. It will cover the following spot pairs mostly in stablecoins and popular fiat currencies: BTC\/AUD, BTC\/BIDR, BTC\/BRL, BTC\/BUSD, BTC\/EUR, BTC\/GBP, BTC\/RUB, BTC\/TRY, BTC\/TUSD, BTC\/UAH, BTC\/USDC, BTC\/USDP, and BTC\/<a href=\"https:\/\/en.ethereumworldnews.com\/tether-cto-highlights-attack-by-hedge-funds-to-short-usdt-the-stablecoin-is-100-backed\/\" target=\"_blank\" rel=\"noopener\">USDT<\/a>.<\/p>\n<p>All <a href=\"https:\/\/en.ethereumworldnews.com\/binance-ceo-ivorian-president-crypto\/\" target=\"_blank\" rel=\"noopener\">Binance<\/a> users will enjoy zero maker and taker fees on the 13 spot pairs irrespective of VIP status. However, the 13 Bitcoin spot trading pairs will be excluded from the platform&#8217;s BNB fee discounts, rebates, and other fee adjustments or promotions.<\/p>\n<h2>Zero-Fee Bitcoin Trading Follows a Similar Move by Binance.US in June.<\/h2>\n<p>Zero-fee Bitcoin trading on 13 spot pairs on Binance follows a similar move <a href=\"https:\/\/www.binance.com\/en\/news\/top\/7136926\" target=\"_blank\" rel=\"nofollow noopener\">made by Binance US<\/a> last month. The American arm of Binance introduced zero-free Bitcoin trading on four pairs: BTC\/USD, BTC\/USDT, BTC\/<a href=\"https:\/\/en.ethereumworldnews.com\/circles-ceo-quells-usdc-fears-states-the-company-is-financially-strong\/\" target=\"_blank\" rel=\"noopener\">USDC<\/a>, and BTC\/BUSD.<\/p>\n<p>The discounted trading consequently resulted in the shares of Coinbase and Robinhood dropping by nearly 10% and 1%, respectively. The offer by Binance.US came at the height of the ongoing crypto market drawdown and when <a href=\"https:\/\/en.ethereumworldnews.com\/crypto-fear-greed-index-drops-to-second-lowest-level-6-since-2018-bitcoin-loses-20k-support\/\" target=\"_blank\" rel=\"noopener\">fear in the crypto markets<\/a> was relatively high.<\/p>\n<p>Binance.US CEO, Brian Shroder, told Bloomberg in an interview that zero-fee Bitcoin trading was one way of increasing adoption. He <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-06-22\/binance-us-starts-zero-fee-trading-for-bitcoins-in-pricing-war#xj4y7vzkg\" target=\"_blank\" rel=\"nofollow noopener\">said<\/a>:<\/p>\n<blockquote><p>Since inception, we have been known for our really low fees. Zero-fee trading is something that we want to do because we can. This will generate positive user sentiment that will bring us new users.<\/p><\/blockquote>\n<h2>Binance&#8217;s Zero-Fee Trading on 13 Bitcoin Spot Pairs Comes at a Time When Bitcoin is Battling to Hold $20k.<\/h2>\n<p>Binance offering zero-fee trading on 13 Bitcoin spot pairs comes when BTC is battling to maintain the $20k support zone above its previous all-time high of roughly $19,798 &#8211; Binance rate.<\/p>\n<p>The move by Binance could therefore be concluded to be indirect or coincidental in encouraging the trading of Bitcoin on the trading platform at a time when crypto traders and investors remain cautious amidst high global interest rates and inflation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Summary: Binance has announced the launch of zero-fee Bitcoin for 13 spot trading pairs beginning July 8th until further notice. The discounted trading is part of the exchange&#8217;s fifth-anniversary celebrations. The 13 Bitcoin pairs are mostly against fiat and stablecoins on the exchange. Binance US also announced zero-fee Bitcoin trading last month. The team at Binance has announced the launch of zero-free Bitcoin trading for 13 spot pairs. The offer begins on July 8th until further notice. Zero-Free Bitcoin Trading [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":567829,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[108073,800],"tags":[1119,108254,1518,108421],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/573177"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=573177"}],"version-history":[{"count":2,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/573177\/revisions"}],"predecessor-version":[{"id":573185,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/573177\/revisions\/573185"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/567829"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=573177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=573177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=573177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}