Binance.US has cut spot trading fees across all cryptocurrencies to near zero, introducing 0% maker fees and 0.02% taker fees on all trading pairs. The move is aimed at attracting users to a platform that has struggled with low activity and limited growth compared to major competitors.
CEO Stephen Gregory said American traders have “been paying too much for too long,” adding that a fully regulated U.S. exchange can still deliver the lowest cost trading environment while increasing competition. Maker fees apply to liquidity-providing orders, while takers remove liquidity immediately, with takers now paying 0.02% per trade.
Competitive Pressure From Global and U.S. Exchanges
The global Binance charges around 0.10% for most users, though discounts apply to high-volume traders and BNB holders. Meanwhile, Coinbase charges tiered retail fees, with small traders under $10,000 paying up to 60bps for takers and 40bps for makers.
Binance.US previously offered limited zero-fee trading on select Bitcoin pairs and expanded reduced fees in September to 20 major trading pairs, showing a gradual push toward fee compression.
Regulatory History Still Shapes Growth Limits
Trading volume remains weak at about $14.8 million in 24 hours, compared with billions on global Binance and other U.S. rivals like Coinbase and Kraken. Growth was heavily disrupted after the U.S. Securities and Exchange Commission sued Binance in 2023, forcing the exchange to suspend dollar deposits and withdrawals for two years. Although the SEC later dropped its civil case and banking access was restored, user momentum has not fully recovered.
Binance’s former CEO Changpeng Zhao also stepped down following separate legal proceedings involving the Department of Justice. Gregory, previously at Currency.com, became CEO in March as part of the exchange’s restructuring.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.