Cryptocurrency

Binance U.S. makes BTC trading fee-free as competitors feel the heat


Binance U.S. makes BTC trading fee-free as competitors feel the heat

Crypto exchange Binance.US has removed trading fees for Bitcoin (BTC) spot market trades, following in the footsteps of Robinhood (NASDAQ:HOOD), which pioneered no-commission crypto trading in 2018.

Brian Shroder, CEO of Binance.US, said the move makes the company the first United States crypto exchange to eliminate spot trading fees for Bitcoin for all users and without trading volume requirements. He added that they would also not be earning a spread on trades.

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