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$69,821.00 -1.18974
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$3,534.54 -1.27174
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BNB
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$609.89 3.59542
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$184.65 -1.31275
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$0.0000308 -1.49453
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$0.0000077 -0.17674
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$0.0000271 2.84616
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Bitcoin
Bitcoin (BTC)
$69,821.00 -1.18974
Bitcoin price
Ethereum
Ethereum (ETH)
$3,534.54 -1.27174
Ethereum price
BNB
BNB (BNB)
$609.89 3.59542
BNB price
Solana
Solana (SOL)
$184.65 -1.31275
Solana price
XRP
XRP (XRP)
$0.6135740 -1.43362
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000308 -1.49453
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000077 -0.17674
Pepe price
Bonk
Bonk (BONK)
$0.0000271 2.84616
Bonk price
Bitcoin
Bitcoin (BTC)
$69,821.00 -1.18974
Bitcoin price
Ethereum
Ethereum (ETH)
$3,534.54 -1.27174
Ethereum price
BNB
BNB (BNB)
$609.89 3.59542
BNB price
Solana
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$184.65 -1.31275
Solana price
XRP
XRP (XRP)
$0.6135740 -1.43362
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000308 -1.49453
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000077 -0.17674
Pepe price
Bonk
Bonk (BONK)
$0.0000271 2.84616
Bonk price
Bitcoin
Bitcoin (BTC)
$69,821.00 -1.18974
Bitcoin price
Ethereum
Ethereum (ETH)
$3,534.54 -1.27174
Ethereum price
BNB
BNB (BNB)
$609.89 3.59542
BNB price
Solana
Solana (SOL)
$184.65 -1.31275
Solana price
XRP
XRP (XRP)
$0.6135740 -1.43362
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000308 -1.49453
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000077 -0.17674
Pepe price
Bonk
Bonk (BONK)
$0.0000271 2.84616
Bonk price

Binance announces free bitcoin trading with TUSD

binance-announces-free-bitcoin-trading-with-tusd
Edited by
News
Binance announces free bitcoin trading with TUSD

Popular cryptocurrency exchange Binance has announced its move to zero-fee bitcoin trading from BUSD to TUSD on March 2022.

Binance stated that users would continue to benefit from having no maker or taker costs while exclusively trading bitcoin on the BTC/TUSD spot trading pair.

Binance shifts to zero-fee bitcoin trading

In a statement from March 15, Binance said that the spot and margin trading pairs for BNB/BUSD, BTC/BUSD, and ETH/BUSD are also not included in the zero maker fee program. There will, however, be no effect on any other spot and margin trading pairs.

Lastly, it stated that normal trading costs would apply to its spot and margin trading pairs, including Tether’s USDT, and many other fiat currencies, such as the AUD, GBP, EUR, and others.

https://twitter.com/cz_binance/status/1635895856166567937?t=yVg75mDXLmp-uXWREHOWGg&s=19

When questioned on whether the zero fee still applies to BUSD, Binance CEO Changpeng “CZ” Zhao said no zero-fee will stop on BUSD in about a week.

In 2022, Binance introduced zero free trading for its spot pairs and since then, the exchange has experienced a boom in spot volumes, which, as of February, accounted for 62% of all trading in the sector. 

The collapse of BUSD

According to a Financial Times investigation, investors withdrew more than $6 billion from BUSD last month.

The withdrawals occurred when U.S. market regulators are tightening their control over the digital asset market in the wake of FTX’s demise. 

The securities and exchange commission (SEC) has filed a lawsuit against cryptocurrency company Paxos.

Following this, last month the New York department of financial services ordered Paxos to stop producing the token with the Binance brand. 

According to the lawsuit, Paxos’ BUSD offering constituted an unregistered security. Subsequently, Coinbase, a cryptocurrency exchange, was forced to halt BUSD trading.

Recently, Binance has also come under fire after a revelation revealed that the largest cryptocurrency exchange in the world had been using consumer money for unspecified internal purposes.

As a result of investors hastily withdrawing their money from BUSD, the stablecoin has lost more than a third of its value.

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