Binance.US cuts spot trading fees to near zero in push to undercut rivals

CointelegraphApr 223 min readOriginal source →

TL;DR

Binance.US has eliminated spot trading fees, offering 0% for makers and 0.02% for takers across all trading pairs. This change aims to significantly lower trading costs compared to competitors like Coinbase and Kraken.

Key points

Binance.US offers 0% fees for makers and 0.02% for takers
No volume thresholds or subscription fees required
Fees reduced by up to 98% compared to competitors
Coinbase and Kraken have higher starting fees
Change effective immediately for all users

Binance.US has reduced spot trading fees to 0% for makers and 0.02% for takers across all trading pairs, extending near-zero pricing to all users without volume thresholds or subscription requirements.

The new pricing replaces the platform’s tiered fee structure and applies to all accounts, with the company saying the move could reduce trading costs by as much as 98% compared with competitors such as Coinbase.

Coinbase’s fees start at about 0.40% to 0.60% for lower-volume traders while Kraken’s fees start around 0.25% to 0.40% and decline with volume, according to information on those exchanges’ websites.

Last week, Charles Schwab, one of the largest US brokerage firms, said it will roll out spot cryptocurrency trading for retail clients in the coming weeks, starting with Bitcoin (BTC) and Ether (ETH) at a fee of 75 basis points per transaction.

According to an announcement shared with Cointelegraph, the updated Binance.US fee structure applies to every user with no portfolio minimums, volume tiers or subscription fees and takes effect immediately.

The change follows the appointment of Stephen Gregory as chief executive and expands the platform’s earlier zero-fee offering on select Bitcoin pairs to all spot markets.

The platform said the new fees are supported by its trading infrastructure and follow the completion of a SOC 2 Type II audit covering its systems and controls.

Binance.US is the US-regulated arm of Binance, the largest crypto exchange in the world by trading volume.

Separately, Binance begun integrating prediction market features into its main app earlier this month through third-party platforms, starting with Predict.fun, offering “gasless” trading by covering transaction and settlement fees on BNB Smart Chain.