- Binance moving its zero-fee BTC trading pairs from BUSD to TUSD.
- Binance native token BNB price surged about 7.7% in a week.
Binance, the world’s largest crypto exchange by trading volume updated its zero-fee Bitcoin trading program. Today Binance CEO Changpeng Zhao announced the cryptocurrency exchange moving zero-fee BTC trading from Binance USD (BUSD) to TrueUSD (TUSD) on March 22.
Important update. Given recent events, we are moving 0 fee BTC trading from BUSD to TUSD.
Let’s spread the liquidity to more pairs.
— CZ 🔶 Binance (@cz_binance) March 15, 2023
Binance attempted to provide the market’s most competitive fees and grabs cryptocurrency enthusiast attention. On July 8, 2022, Binance removed fees for 13 BUSD spot trading pairs in honor of its fifth anniversary and is still active. Crypto investors used to trade fiat currencies such as Euro, Australian Dollar, and other currencies against BTC using Tether (USDC), Binance USD (BUSD), Circle’s USD Coin (USDC), and more.
However, according to the official announcement, the zero maker fee excludes its pair with other assets such as BNB and Ethereum. Further, trading costs would be applicable to all of its BTC trading pairs, including Tether and several other fiat currencies, such as the British Pound, Euro and Australian Dollar.
On the other hand, BTC/TUSD spot trading pairs would have “no maker or taker fee” due to the move of BUSD to TUSD. Moreover, Binance would halt deposit and withdrawal services via bank transfers and card payments for UK customers from May 22.