Its users will be able to trade ETH against the native Binance USD stablecoin for free starting from Aug. 26.reported by U.Today
, the world's largest cryptocurrency exchange also cut trading fees to zero for various Bitcoin pairs in July. The move was linked to the fifth anniversary of the giant. Binance initially dabbled in zero-fee trading in late June with its U.S.-based subsidiary. It eliminated fees for American traders in an attempt to attract more users and chip away at the market share of Coinbase, which remains the crypto market leader in the U.S.
Due to falling prices and waning enthusiasm for cryptocurrencies, exchanges are seeking new ways to retain their user base. It remains to be seen whether Binance will start a new trend among crypto exchanges.
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