Bitcoin Exchange Binance’s US Branch Binance.US Lowers Trading Fees! Here Are the Details

US-based cryptocurrency exchange Binance.US has significantly reduced spot trading fees in an effort to increase user base and enhance its competitive edge.

According to the exchange’s statement, transaction fees for all digital assets listed on the platform have been reduced to “near zero.” According to the new pricing model, users will pay a 0% “maker” fee for spot transactions, while only a 0.02% commission will be applied to “taker” transactions. Maker orders are transactions that add liquidity to the order book, while taker orders are known as transactions that instantly execute existing orders and reduce liquidity.

Stephen Gregory stated, “American crypto investors have long been paying high fees. We are demonstrating that a regulated platform can also be the most cost-effective.” This move could put pressure on rival exchanges, particularly in the US. Indeed, on platforms like Coinbase, transaction fees vary depending on transaction size, making costs higher for smaller investors. Cryptocurrency exchanges across the industry are frequently criticized for charging higher transaction fees compared to traditional brokerage firms.

Founded in 2019, Binance.US lags significantly behind the global Binance platform in terms of trading volume. According to recent data, the exchange’s daily trading volume remains at limited levels.

The platform’s growth had slowed after a lawsuit filed by the U.S. Securities and Exchange Commission in 2023. However, with the dismissal of the case and the resumption of US dollar transactions, the company aims to gain a stronger position in the market with its new fee policy.

*This is not investment advice.