In the words of Brian Shroder, the CEO of Binance.US, “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.”
Crypto exchange Binance.US expanded its Zero Fee Trading program to Ethereum (ETH). This will allow users to trade on ETH/USD, ETH/USDT, ETH/USDC, and ETH/BUSD pairs without paying any fees.
According to its blog post, Binance.US will also merge its pricing tiers of other assets into Tier 1 starting January 2023.
Under the new tier, users will be eligible to trade other coins without paying any maker fees if their 30-day trading volume exceeds $300M. The exchange will also provide a 25% discount on maker and taker fees if clients pay in $BNB.
In June, Binance.US eliminated trading fees on Bitcoin (BTC). Now, both Ethereum and Bitcoin will be classified under a separate tier, Tier 0. The exchange plans to add more coins to Tier 0 in the coming months.