{"id":22619,"date":"2023-05-18T11:40:16","date_gmt":"2023-05-18T11:40:16","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/05\/18\/binance-brings-back-zero-fee-trading-for-bitcoin-shib-pepe-other-crypto\/"},"modified":"2023-05-18T11:40:16","modified_gmt":"2023-05-18T11:40:16","slug":"binance-brings-back-zero-fee-trading-for-bitcoin-shib-pepe-other-crypto","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/05\/18\/binance-brings-back-zero-fee-trading-for-bitcoin-shib-pepe-other-crypto\/","title":{"rendered":"Binance Brings Back Zero-Fee Trading For Bitcoin, SHIB, PEPE, Other Crypto"},"content":{"rendered":"

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The world\u2019s largest crypto exchange Binance<\/strong><\/a> on Thursday stated it can relaunch its hottest <\/span>zero-fee buying and selling for a restricted interval from at present onwards. Users will have the ability to get pleasure from zero buying and selling charges when buying cryptocurrencies from May 18-June 18, 2023. However, the restricted interval zero buying and selling price is simply relevant on Auto-Invest<\/strong>.<\/span><\/p>\n

The transfer comes as Bloomberg reported<\/a> that Binance continues to lose its dominance within the crypto market on account of heightened scrutiny and regulatory motion by US regulators. Also, Binance is witnessing low liquidity<\/a> as in comparison with earlier quarters as Jump Crypto<\/strong>\u00a0and\u00a0<\/span>Jane Street<\/span><\/strong> are pulling again their market-making exercise from the US.<\/span><\/p>\n

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Also Read<\/strong>: Do Kwon and Terraform Labs Withdraw Millions A Year After Terra-LUNA Crisis<\/a><\/p>\n

Binance Announces Zero Trading Fees After Losing Market Share<\/h2>\n

Crypto alternate Binance introduces zero-fee crypto buying and selling for Auto Invest traders, based on an official announcement<\/a> on May 18. The zero buying and selling charges will likely be obtainable just for a month, May 18-June 18.<\/span><\/p>\n

Users will have the ability to purchase over 210 cryptocurrencies together with Binance, Ethereum, Shiba Inu, PEPE, and others on Auto Invest. It has greater than 15 fiat currencies and stablecoins by way of the <\/span>Single-Token, <\/span>Portfolio, and <\/span>Index-Linked plans. <\/span><\/p>\n

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Auto-Invest is a dollar-cost averaging<\/a> (DCA) funding technique permitting customers to automate their crypto funding and earn passive revenue on the identical time.<\/span><\/p>\n

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Also Read: <\/strong>Binance Making These Efforts To Increase Bitcoin and Ethereum Liquidity<\/a><\/p>\n

On March 15, Binance ended its zero-fee Bitcoin trading<\/a> and BUSD zero-maker price packages, shifting the zero-fee Bitcoin buying and selling facility to TUSD solely on account of a crackdown towards Binance USD (BUSD). Since then, buying and selling quantity on the alternate has decreased considerably as most volumes got here from BTC\/USDT pair. The CFTC lawsuit<\/a> towards Binance and CEO \u201cCZ\u201d added extra challenges.<\/p>\n

According to Kaiko, Binance\u2019s spot-trading volumes share fell to 51% in May, earlier in March it was 73%. The market share of Huobi elevated from 2% to 10% and OKX from 5% to 9%. Also, South Korean exchanges\u2019 market shares elevated to 14% from 8%.<\/p>\n

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