Trading volume on Binance surged at the end of last week following the cancellation of Bitcoin fees.
On July 6, the administration announced that due to the platform’s fifth anniversary, commissions for spot trading of BTC paired with 13 currencies are being canceled.
Each user will be able to transact with zero fees in BTC/AUD, BTC/BIDR, BTC/BRL, BTC/BUSD, BTC/EUR, BTC/GBP, BTC/RUB, BTC/TRY, BTC/TUSD, BTC/UAH, BTC/USDC, BTC/USDP, and BTC/USDT.
This arrangement will remain in effect until further notice.
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Trading volume paired with Tether soared to 320,000 coins in a matter of hours on Friday, July 8th. The exchange has not recorded such user activity since March 2020.
Binance said in a statement last Wednesday:
We cordially invite you to join us in celebrating our fifth anniversary! Thanks for your support! Binance team.
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Binance not only leads the ranking of cryptocurrency exchanges in terms of trading volume but also holds the status of the most popular platform among Russian users.In our country, many traders prefer to make transactions also on the OKX and Huobi platforms.