Binance.US Expands Zero Fee Trading to Ethereum (ETH) via New Fee Schedule

Binance.US, the U.S. partner to one of the world’s largest crypto exchange and America’s home to buy, sell, trade, convert and stake digital assets, announced that it “has expanded its zero fee pricing model to now include Ethereum (ETH), effective immediately.”

All new and existing users “can enjoy free trading on the following four spot market pairs: ETH/USD, ETH/USDT, ETH/USDC, ETH/BUSD.” Additionally, Binance.US is “eliminating execution fees on all ETH transactions made through its Buy & Sell crypto offering.”

Binance.US claims that it “offers some of the lowest fees in the industry and is a pioneer in zero fee trading.” In June, Binance.US reportedly “became the first U.S. exchange to offer zero fee Bitcoin (BTC) trading on four spot market pairs: BTC/USD, BTC/USDT, BTC/USDC, and BTC/BUSD.”

Brian Shroder, Chief Executive Officer and President of Binance.US, said:

“Over the course of the year, we have sought to thoughtfully grow our business with customer experience as our guidepost. By eliminating fees first on BTC and now ETH, we are further cementing our position as the low fee leader in crypto, raising awareness for the high fees consumers are paying on other platforms, and helping to restore trust in the greater ecosystem. Now, more than ever, it is critical that platforms operate with users’ interests first.”

As a part of the new fee schedule, Binance.US is “consolidating its pricing tiers into just one tier, beginning in January 2023.”

The previous Tiers I and II, “which feature trading fees that are determined on a per-asset basis, will be merged into a single tier.” In this new pricing model, “all current Tier I assets will feature the same pricing as Tier II assets.”

The assets “included in each tier will be published prior to the new pricing’s go-live date in January 2023, and the consolidated pricing tier will henceforth be known as Tier I.”

Binance.US also “offers additional trading fee discounts” for customers who meet the following criteria:

  • BNB Fee Discount. In addition to the lower prices set out above, Binance.US gives customers an additional 25% off both maker and taker fees across all trading pairs when BNB tokens are used to pay for trading fees. This incredible offer is available to all new and existing customers.
  • Volume-Based Discounts. Customers who maintain higher 30-day trading volumes, calculated daily on a rolling basis, can qualify for even greater trading fee discounts.

Binance.US continues “to expand its platform and launch new products and services that deliver value to customers, such as Binance.US Staking.”

Now the largest on-chain staking platform in the U.S., Binance.US Staking “enables customers to stake more than 20 assets, including ETH, while generating some of the highest yields among U.S. crypto firms.”

All assets are “staked from cold storage and rewards are earned and passed on to the customer through blockchain validation, without leverage or loan structures.”

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