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Binance.US Cuts Spot Trading Fees as U.S. Dollar Services Resume

The exchange reduced maker fees to zero and taker fees to 0.02% across all spot pairs after the U.S. Securities and Exchange Commission (U.S. markets regulator) dropped its lawsuit.

Summary

Binance.US lowered fees for all spot trading pairs, setting maker fees at 0 and taker fees at 0.02%. CoinGecko data showed the platform’s 24-hour trading volume at about $14.8 million, far below global Binance at $10.7 billion and Coinbase at $1.9 billion. The fee cut comes after Binance.US resumed U.S. dollar deposits and withdrawals following the decision by the U.S. Securities and Exchange Commission (U.S. markets regulator) to drop its lawsuit. Lower trading fees are commonly used by exchanges to attract liquidity (available market depth) and win back trading activity.

Terms & Concepts
  • Maker fee: A trading fee charged to orders that add liquidity to an exchange’s order book, such as limit orders that are not filled immediately.
  • Taker fee: A fee charged to orders that remove liquidity from the order book, typically when traders execute against existing orders immediately.
  • Spot trading: The direct buying and selling of crypto assets for immediate settlement, rather than through derivatives or leveraged products.