US-based cryptocurrency exchange Binance.US has significantly lowered its spot trading fees in an effort to expand its user base and strengthen its competitiveness.
Trading fees for all digital assets listed on the platform have been reduced to “nearly zero,” the exchange said in a statement.
According to the new pricing model, users pay a 0% “maker” fee for spot trades, while only a 0.02% fee applies to “taker” trades. Maker orders are transactions that add liquidity to the order book, while taker orders are known as transactions that immediately execute an existing order and reduce liquidity.
“U.S. crypto investors have long paid high fees, and we are proving that regulated platforms are the most cost-effective,” said Stephen Gregory.
The move could put pressure on rival exchanges, especially in the United States. In fact, on platforms like Coinbase, trading fees vary depending on trade size, making it more costly for small investors. Cryptocurrency exchanges across the industry are frequently criticized for their higher trading fees compared to traditional brokerages.
Founded in 2019, Binance.US lags far behind the global Binance platform in terms of trading volume. Recent data shows that the exchange’s daily trading volume remains at a limited level.
The platform’s growth slowed after a lawsuit filed by the U.S. Securities and Exchange Commission in 2023. However, with the dismissal of the lawsuit and the resumption of USD trading, the company aims to gain a stronger position in the market with a new fee policy.
*This is not investment advice.
