Binance, the world's largest cryptocurrency exchange, has announced a six-month zero-fee promotion for its wallet users.
Zero-Fee Trading for Binance Wallet Users
The zero-fee offer applies exclusively to swaps conducted through Binance Wallet’s integrated swap feature, cross-chain bridge, and Binance Alpha’s quick buy function. Transactions via third-party decentralized applications (dApps) are excluded from this promotion. Users will still have to cover gas fees associated with blockchain transactions. The promotion is available only to users with backed-up keyless addresses.
Binance Strengthens Market Position
Binance has been expanding its services and recently secured a $2 billion investment deal from Abu Dhabi's MGX, strengthening its financial stance. Introducing fee-free swaps aims to lower entry barriers for traders, particularly retail investors wary of high fees.
Recent Initiatives and Future Plans
Binance also announced the launch of new trading pairs on Binance Spot, including DF/USDC, EPIC/USDC, GMX/USDC, MKR/USDC, and RPL/USDC. Simultaneously, the exchange is enabling trading bot services for these pairs, enhancing user options. Co-Founder Yi He emphasized Binance's commitment to ongoing improvements, hinting at upcoming innovations.
With initiatives like zero-fee trading and new trading tools, Binance strengthens its market position and attracts new users.
