“Last Minute” Cryptocurrency Decision From Binance!

Binance has taken action to remove fees for a number of Bitcoin (BTC) spot trading pairs. The world’s largest cryptocurrency exchange has removed transaction fees on a wide range of Bitcoin pairs on the occasion of its fifth anniversary, according to an announcement published Wednesday.

Binance will remove transaction fee on these crypto currency pairs

According to the announcement, users will be able to trade with Bitcoin in the following pairs without commission.

  • Tether (USDC)
  • Binance USD (BUSD)
  • USD Coin (USDC)
  • Euro, Turkish Lira and other fiat currencies

In summary, starting July 8, users will be able to trade 13 stablecoins and fiat pairs for free, including BTC/USDT, BTC/BUSD, BTC/USDC, BTC/EUR, BTC/TRY and more. The new trading fees will apply until further notice. Binance made this decision to celebrate the two-week anniversary worldwide with its users. As a result, Binance says users will be trading with zero fees “until further notice.”

CZ speaks for Binance’s 5th anniversary

Changpeng Zhao, in his statements after the announcement, said:

In line with our user first philosophy, Binance has always sought to provide the most competitive fees in the industry. At its core, Binance is an inclusive platform with accessibility in mind. Removing transaction fees on selected BTC spot trading pairs is another step in that direction.

Binance CEO Changpeng Zhao talked about Terra (LUNA) and the overall market. Zhao founded Binance, which has become the world's largest cryptocurrency exchange by daily trading volumes. Binance's average daily volume is over two billion with over 14,000 transactions per second. Here are Zhao's statements…

CZ also says they are doing their best for Binance users.

In five years, Binance has assembled a wonderful community that believes in us and supports our vision. Our growth and success would not have been possible without them. We hope to give back to the community by offering them the best in the world.

About Binance

Binance started as a crypto-to-crypto exchange platform in July 2017. Within six months, it became the world’s largest cryptocurrency exchange. However, Binance is a global Blockchain ecosystem that encompasses transaction services, infrastructure solutions, educational resources, research, outreach and charity programs, investment and launchpad initiatives, and more. Binance provides one of the lowest fees in the industry. It also makes crypto accessible to everyone by providing access to a wide range of financial instruments.

Binance CEO CZ said in a statement that his exchange always strives to offer the most attractive fees in the industry. CZ also says that the company wants to give back to the community by bringing free transactions for a bunch of Bitcoin pairs.

Bitcoin hits $20,000 again, cryptocurrency market recovering

Bitcoin is currently trading at $20,205.83. It has gained 3.60% in the last 24 hours. Meanwhile, the entire cryptocurrency market is rising, with Solana taking the top spot with 7%. AmkNews.comAs you follow, the total value of the market is around 880 billion.

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Larry Brown

I graduated from Yale University, Department of Television. I have been a professional news writer for 3 years. I am continuing my career here by establishing amknews.com site 3 months ago.