Odusko, it seems that you have shared a wrong link. It's about stock market and has nothing to do with your topic.
Anyone who is interested in this topic can visit the link below for more information.
Binance.US Launches Zero-Fee Bitcoin Trading
Topic: Binance-US charge zero fee on Bitcoin usdt trading - page 2. (Read 324 times)
Binance seems to be marketing hard right now to new users. I think they're trying to gain a ton of market share during this downcycle while other exchanges are having some troubles. Between this, their social media marketing, and now a deal with Cristiano Ronaldo to bring in soccer fans... It seems like Binance isn't too worried about their financial position at the moment and is capitalizing on the opportunity of a down market to grow their userbase. Not a bad plan and should help take some of the sting out of the market as they bring in new entrants.
They are trying to entice people, it's a sure sign of how bad things are.
Coinbase has responded with their own counter-attack now, they are removing humongous fees(or newbie tax as I lie to call it) and merging coinbase pro into coinbase itself. They will also be offering around 20 USD for free(read this somewhere on reddit, may not be true).
Interesting times. Let's see who will shed more blood to keep the scraps.
Coinbase has responded with their own counter-attack now, they are removing humongous fees(or newbie tax as I lie to call it) and merging coinbase pro into coinbase itself. They will also be offering around 20 USD for free(read this somewhere on reddit, may not be true).
Interesting times. Let's see who will shed more blood to keep the scraps.
Even if they offered to pay me a fee to use USDT, I still wouldn't touch it. There are no fees to jump off a bridge either, doesn't mean it's a good idea.
be warned when binance shut off withdrawals.. this was because of an issue that they couldnt unlock enough coin from their stablecoin lock to then facilitate real btc withdrawals to real individuall utxo on the bitcoin network(they locked up too much and didnt anticipate cascading reaction causing a the bank run due to the luna fiasco)
now they have a new problem, very unbalanced reserves on the stable coin so they need to offer a way to rebalance it. and thats via 0 fee to entice people to push stable coin balance back in binances favour.
(too much went out of stable coins not enough came back)
they want people to move funds from coinbase and others back to binance so that binance has balance on its side. to then unlock and replenish its reserves.
worry about exchanges that suspend withdrawals and also try to entice more traders into them.. it means they have bad holdings of their own and are aware of the risks if they do nothing..
a good exchange thats well managed doesnt need to do anything.. doesnt need to suspend service or bait customers into using it. they can carry on working day in day out just getting the small sub 1% fee's without inconvenience or sales pitch, happily plodding along doing its thing.
now they have a new problem, very unbalanced reserves on the stable coin so they need to offer a way to rebalance it. and thats via 0 fee to entice people to push stable coin balance back in binances favour.
(too much went out of stable coins not enough came back)
they want people to move funds from coinbase and others back to binance so that binance has balance on its side. to then unlock and replenish its reserves.
worry about exchanges that suspend withdrawals and also try to entice more traders into them.. it means they have bad holdings of their own and are aware of the risks if they do nothing..
a good exchange thats well managed doesnt need to do anything.. doesnt need to suspend service or bait customers into using it. they can carry on working day in day out just getting the small sub 1% fee's without inconvenience or sales pitch, happily plodding along doing its thing.
In what look like a bitcoin fee war against coinbase, binance the world's largest cryptocurrency exchange has announced a zero trading fee for users of the exchange in the US. Amid the market fall binance have taken this major as to ease the impact of fees on the smaller day to day traders, a move viewed by many Bitcoin/cryptocurrency analysis as a price war about to start between the two leading US exchanges.
https://www.coindesk.com/business/2022/06/22/binanceus-launches-zero-fee-bitcoin-trading
https://www.coindesk.com/business/2022/06/22/binanceus-launches-zero-fee-bitcoin-trading
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