How did the fees change after Binance.US dropped?
Kay LodbergJan 14, 2022 · 3 years ago3 answers
After Binance.US dropped, how did the fees change for trading cryptocurrencies?
3 answers
- Jan 14, 2022 · 3 years agoThe fees for trading cryptocurrencies changed after Binance.US dropped. Previously, Binance.US had a fee structure that was based on the trading volume. However, after the drop, the fees were adjusted to a flat fee structure. This means that regardless of the trading volume, users will now pay a fixed fee for each trade. This change in fee structure aims to provide a more transparent and predictable fee system for users.
- Jan 14, 2022 · 3 years agoThe fees for trading cryptocurrencies on Binance.US underwent a significant change after Binance.US dropped. The new fee structure introduced a tiered system based on the user's trading volume. The more a user trades, the lower their fees will be. This change was implemented to incentivize higher trading volumes and provide cost savings for active traders. Additionally, Binance.US also introduced a fee discount for users who hold a certain amount of BNB, the native cryptocurrency of Binance.US.
- Jan 14, 2022 · 3 years agoAfter Binance.US dropped, the fees for trading cryptocurrencies were adjusted to be more competitive. The new fee structure introduced lower fees for both market makers and market takers. Market makers, who provide liquidity to the market by placing limit orders, now enjoy lower fees compared to market takers, who execute trades at the current market price. This change aims to attract more market makers and improve liquidity on the platform. Overall, the fee adjustment after Binance.US dropped has made trading cryptocurrencies more affordable and attractive for users.
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