Crypto Exchange Giant Binance Launches Zero-Fee Bitcoin (BTC) Trading

This week, Crypto.com came under fire, with CEO Kris Marszalek calming market fears of a possible collapse.

Some exchanges have stepped forward to support struggling platforms and the broader crypto market. Both Binance and FTX have been actively exploring opportunities.

Kris Marszalek talked of the current environment, saying,

“The industry will be better off after subscale companies with broken business models are out. There will be some short-term pain, and we’ve seen some of it play out already, but the whole space will emerge stronger because of this much-needed cleanup.”

Last month, Binance CEO CZ said the company is looking at between 50 to 100 deals.

Today, Binance was back in the crypto news.

Binance Turns up the Heat as the Crypto Winter Freezes Over the Market

Today, Binance announced the launch of zero-fee bitcoin (BTC) trading, saying,

“To celebrate Binance’s fifth anniversary, Binance will introduce zero-fee trading for BTC spot trading pairs at 2022-07-07 14:00 (UTC).”

13 BTC pairings will qualify for zero-fee BTC trading, including BTC/AUD, BTC/BIDR, BTC/BRL, BTC/BUSD, BTC/EUR, BTC/GBP, BTC/RUB, BTC/TRY, BTC/TUSD, BTC/UAH, BTC/USDC, BTCUSDP, AND BTC/USDT.

With the validity period extending from 2022-07-08 14:00 (UTC) until further notice, the announcement went on to say,

“All users will enjoy zero maker and taker fees for all 13 spot trading pairs. The 13 BTC spot trading pairs will be excluded from BNB fee discounts, fee rebates, or any other form of fee adjustments or fee promotions.”

The Binance exchange native coin Binance Coin (BNB) responded favorably to the new, with a current day high of $238.92 before easing back.