Trading Fee Reduction
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Binance.US Cuts Trading Fees on Major Cryptos to Revive Low Volume
Yahoo Finance· 2025-09-10 15:17
Core Insights - Binance.US has significantly reduced trading fees for over 20 asset pairs, including major cryptocurrencies like Bitcoin, Ethereum, Solana, BNB, and Cardano, aiming to attract users and increase trading volumes [1][4] - The exchange's market share of U.S. dollar-supporting volume has drastically fallen to 0.20% from 10% following a lawsuit from the SEC in June 2023, and despite the case being dismissed in May 2025, user activity has not rebounded [2] - Operational challenges persist, with Binance.US unavailable in key states such as New York, Georgia, and Texas, and services in some states limited to crypto-only transactions [3] Summary by Categories Trading Fee Changes - Binance.US has introduced "Tier 0" pricing, offering 0% maker fees and 0.01% taker fees for selected asset pairs, a strategy first implemented for Bitcoin in 2022 [1][4] Market Share and Activity - The exchange's share of U.S. dollar-supporting volume has collapsed to 0.20% as of August, a significant decline from 10% prior to the SEC lawsuit [2] Operational Challenges - Binance.US faces significant operational hurdles, remaining unavailable in several key states and offering limited services in others, which hampers its ability to rebuild its user base [3]