In a bid to spread liquidity around different markets, the world leading Cryptocurrency Exchange Binance is Commissioning zero fee trading on TUSD and other trading pairs on its platform.
Binance Users will continue to enjoy zero maker and takers fees when trading BTC on the BTC/TUSD spot trading pair only.
Changpeng Zhao, Binance CEO noted that; “We add pairs and provide liquidity. Binance aims to be an open platform.”
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The BUSD zero maker fee promotion will now exclude the BNB/BUSD, BTC/BUSD and ETH/BUSD spot and margin trading pairs. All other BUSD spot and margin trading pairs will not be impacted.
Standard trading fee will apply to the BTC/AUD, BTC/BIDR, BTC/BRL, BTC/BUSD, BTC/EUR, BTC/GBP, BTC/RUB, BTC/TRY, BTC/UAH and BTC/USDT spot and margin trading pairs, as well as the BNB/BUSD and ETH/BUSD spot and margin trading pairs.
From 2023-03-22 00:00 (UTC), the calculation of maker fee and taker fee rebates will resume for the spot and margin pairs stipulated above. In addition, the corresponding trading volume on the above BTC spot and margin trading pairs will count toward VIP tier calculation and all Liquidity Provider programs.
Binance reserve the the right to cancel Sybil accounts bent on wash trading on the above pairs.
However, Binance is reportedly suspending deposit and withdrawal services via bank transfers and card payments for UK customers after its local banking partner stopped providing support for transactions in British pounds. As per Bloomberg.
Paysafe, a London-based online payments company, said it would stop providing one of its products to Binance’s customers in the UK, citing local regulators’ approach to cryptoassets. Paysafe didn’t say whether it would drop support for other crypto services in the long run.
