Binance US has announced that it has expanded its zero fee price model to Ether effective immediately. Users are now able to freely trade four Ether spot market pairs: ETH/USD, ETH/USDT, ETH/USDC and ETH/BUSD.
The US exchange has also eliminated gas fees on all Ethereum transactions made through the Buy & Sell feature on its website.
Binance US followed in the footsteps of Robinhood, which pioneered no-commission crypto trading in 2018, by removing all Bitcoin spot market trading fees for BTC/USD, BTC/USDT, BTC/USDC, and BTC/BUSD.
Binance US operates as an independent entity in the United States but still bears the same name and logo as the global Binance crypto exchange. As the name implies, Binance US caters primarily to American crypto traders. According to Binance US president and CEO Brian Shroder, eliminating fees on both BTC and ETH cements the company’s position as the low fee leader in crypto.
Exchanges play a crucial role in crypto adoption. Facilitating zero-fee transfers encourages users to transact more with digital assets. If sending funds from one point to another is expensive, millions of potential users would avoid or limit their use of the technology.
