The ETH/BUSD spot trading pair will now be available for $0 fees from August 26 until September 26 on the cryptocurrency trading platform Binance, the firm said on August 23. Due to this, Binance <a href="https://www.cryptoknowmics.com/news/why-is-it-important-for-traders-to-understand-crypto-reset-time/" target="_blank" rel="noopener">traders</a> can now benefit from reduced monthly fees.

https://twitter.com/binance/status/1562077749325479936
<h2>Zero-Fee Trading</h2>
The crypto trading platform also <a href="https://www.cryptoknowmics.com/news/binance-us-starts-zero-fee-trading-for-bitcoin-spot-market-deals/" target="_blank" rel="noopener">eliminated trading costs</a> for several Bitcoin pairs. The action was related to the giant's fifth birthday. In late June, Binance experimented with zero-fee trading through a US-based subsidiary. It eliminated fees for American traders to increase user numbers and reduce Coinbase's market share - which continues to dominate the American cryptocurrency market. Exchanges are looking for new strategies to maintain their user base due to declining pricing and dwindling interest in cryptocurrencies.
<h2>Various Programs For VIP Users</h2>
Additionally, Binance introduced various programs for VIP users and spot liquidity providers. The 30-day volume calculation toward the Trading Fee Level will not include a trading volume on the ETH/BUSD spot trading pair for VIP customers. For spot liquidity providers, maker volume on the ETH/BUSD spot trading pair will not be counted in the spot liquidity provider program's maker volume calculation.
<h2>Ethereum Ranks First</h2>
According to data released on August 22 by blockchain analytics platform <a href="https://santiment.net/" target="_blank" rel="nofollow noopener">Santiment</a>, Ethereum (ETH) is currently ranked first among the projects with the highest development activity over the past 30 days at position 401. Additionally, due to the decline in the network activity, Ethereum transaction costs have reached 13 gwei, the lowest level in nearly two years, according to statistics from Ycharts.

Binance Announces Zero-Fee Trading for Ethereum

The ETH/BUSD spot trading pair will now be available for $0 fees from August 26 until September 26 on the cryptocurrency trading platform Binance.

Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

Binance Announces Zero-Fee Trading for Ethereum

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