The World’s Largest Crypto Exchange, Binance, Announces Changes to Zero-Fee Bitcoin Trading Program
Binance, the world’s largest crypto exchange, has announced that it will be making changes to its zero-fee Bitcoin trading program. This move is expected to have a major impact on the crypto market, similar to what happened when Binance terminated its zero-fee trading in March.
Key Points:
- Binance will be updating its zero-fee Bitcoin trading program from September 7.
- Users will now have to pay a standard taker fee based on their VIP level when trading BTC with TUSD pairs.
- Zero maker fees will still apply when trading Bitcoin on the BTC/TUSD spot and margin trading pair.
- BNB discounts, referral rebates, and other fee adjustments will also resume for BTC/TUSD spot and margin trading volumes.
- Binance’s shift in focus from TUSD to FDUSD stablecoin is likely to cause a decline in trading volumes and put more pressure on the market.
Crypto Market Selloff Expected
By making changes to its zero-fee Bitcoin trading program, Binance is inadvertently triggering another selloff event. The termination of zero-fee trading for TUSD pairs and the shift towards FDUSD stablecoin is expected to have a negative impact on trading volumes and market pressure.
Hot Take:
Binance’s decision to change its zero-fee Bitcoin trading program may result in a major selloff in the crypto market. This move could potentially affect the trading volumes and market dynamics, leading to a period of uncertainty for crypto investors.
Gapster Innes emerges as a visionary adeptly blending the roles of crypto analyst, dedicated researcher, and editorial maestro into an intricate tapestry of insight. Amidst the dynamic world of digital currencies, Gapster’s insights resonate like finely tuned harmonies, captivating curious minds from various corners. His talent for unraveling intricate threads of crypto intricacies melds seamlessly with his editorial finesse, transforming complexity into an eloquent symphony of comprehension.