Binance, the leading cryptocurrency exchange, has announced that it will be continuing to offer zero maker and taker fees to its users when trading BTC on the BTC/TUSD spot trading pair. The move comes as a show of support for TUSD, a stablecoin pegged to the US dollar.
In the recent announcement, the company stated that the zero-fee Bitcoin trading program and BUSD zero-maker fee promotion would be updated, effective from March 22nd. However, the validity period for this promotion is until further notice.
Under the new fee structure, users will continue to enjoy zero maker and taker fees when trading BTC on the BTC/TUSD spot trading pair only. However, for other trading pairs such as BNB/TUSD and ETH/TUSD, users will have to pay standard taker fees as per their VIP level.
Standard trading fees will apply to BTC/AUD, BTC/BIDR, BTC/BRL, BTC/BUSD, BTC/EUR, BTC/GBP, BTC/RUB, BTC/TRY, BTC/UAH, and BTC/USDT spot and margin trading pairs, as well as BNB/BUSD and ETH/BUSD spot and margin trading pairs.
The BUSD zero maker fee promotion will now exclude the BNB/BUSD, BTC/BUSD, and ETH/BUSD spot and margin trading pairs, while all other BUSD spot and margin trading pairs will not be impacted.
Binance To Resumes Maker/Taker Fees & VIP Tier Calculations
Binance has also stated that from March 22nd, the calculation of maker fee and taker fee rebates will resume for the spot and margin pairs stipulated above. In addition, the corresponding trading volume on the above BTC spot and margin trading pairs will count towards VIP tier calculation and all Liquidity Provider programs.
Moreover, the exchange reserves the authority to invalidate trades that are considered wash trades or involve illicit bulk-registered accounts. Additionally, any trades that indicate self-dealing or market manipulation may also be disqualified, according to the statement. Binance retains sole and complete discretion over all trading volume and metrics associated with the programs.
Nevertheless, Binance’s decision to continue offering zero maker and taker fees to its users when trading BTC on the BTC/TUSD spot trading pair only shows its support for TUSD. This move will undoubtedly benefit the users of the platform and is yet another example of Binance’s commitment to providing top-notch services to its users.
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