Binance.US cuts spot fees

Binance.US cut spot trading fees across its exchange to 0% for makers and 0.02% for takers on April 22, extending the pricing to every listed pair. (blog.binance.us) The new rates apply to every user from the first trade, with no portfolio minimums, no volume tiers and no subscription fee, according to the company. Binance.US said the change covers more than 250 spot pairs and took effect immediately for new, active and returning customers. (blog.binance.us) In crypto markets, a maker order adds liquidity to the order book by waiting for a match, while a taker order fills against an existing order right away. Coinbase and Kraken both use the same maker-taker model, with fees that vary by order type and trading volume. (help.coinbase.com) (support.kraken.com) Binance.US said the new schedule replaces its tiered fee system and can cut trading costs by as much as 98% versus Coinbase. The company had previously offered zero-fee trading on a narrower set of Bitcoin pairs before expanding the discount across its full spot market. (blog.binance.us) (cointelegraph.com) The fee cut lands as Binance.US tries to rebuild share in the U.S. market after a long regulatory and operational squeeze. CoinGecko listed Binance.US at about $15.0 million in 24-hour trading volume this week, a fraction of the activity handled by the largest U.S. crypto venues. (coingecko.com) Binance’s U.S. business has operated under heavier scrutiny since the parent company’s 2023 settlement with U.S. authorities over anti-money-laundering and sanctions violations. Cointelegraph reported that Binance.US is a separate legal entity and said a company spokesperson described it as operating independently from Binance. (cointelegraph.com) Low fees can make an exchange cheaper to use, but they can also make raw trading volume harder to read because wash trading and incentive-driven activity become cheaper to generate. CoinGecko’s exchange pages flag trust scores and liquidity metrics for that reason, not just headline volume. (coingecko.com) The immediate test is whether rivals match the pricing or keep charging tiered rates for smaller traders. Binance.US is betting that cutting the cost of each trade will bring users back faster than another round of promotions on a handful of pairs. (blog.binance.us)