Binance Announces Zero Fees for Trading Bitcoin With TUSD

  1. Beginning March 22, Binance will remove fees when trading BTC with TUSD on its spot market.
  2. Other leading altcoins will enjoy a similar treatment for maker fees.
  3. It is not clear why Binance favored TUSD over its native stablecoin BUSD.

Binance announced that it will be waiving fees for trading bitcoins (BTC) with TrueUSD (TUSD) on its platform. This zero-fee trading promotion will go live on March 22 at 12AM (UTC).

Specifically, the zero fees will apply to all spot trades using the BTC/TUSD trading pair. Other favorite liquidity pairs will enjoy a similar treatment for maker fees. These include Binance coin (BNB) with TUSD and ether (ETH) with TUSD. As for the rest, standard fees will continue to apply.

The zero fees mentioned above will last indefinitely — until Binance decides to end it.

It is not clear why Binance is favoring TUSD over its native stablecoin Binance USD (BUSD). Previously, this same feature was available on BUSD. Some speculate that this is to show that the exchange is impartial toward cryptocurrencies, while others suggest it is because BUSD was impacted by the issues faced by Paxos.

For those who missed the news, Paxos was Binance’s issuer of BUSD. Last month, Paxos caught the short end of the stick when US regulators including the US Securities and Exchange Commission (SEC) and the New York Department of Financial Services (NYDFS) forced it to stop issuing BUSD.

Regardless, BUSD is becoming the second-largest USD-based stablecoin in terms of trading volume after Tether USD (USDT). In the last 24 hours, BUSD processed more than $11 billion in crypto transactions, as per CoinGecko.

Read Also :

disclaimer read more

Crypto News Land ( , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

Jesus covers news related to the crypto space in Asia and in Australia, although he follows the latest events in the US and Europe as well. He is most interested in the blockchain gaming and regulation aspects of the industry.