The Binance crypto exchange announced that BTC and TUSD trading will be available without commissions from March 22, instead of the usual BUSD.
On March 15, it was announced that no commissions will be charged on BUSD pairs with assets such as BNB and ETH. The usual trading fees still apply to BTC pairs using USDT and various fiat currencies, including the British pound sterling, Australian dollar and euro.
Changpen Zhao (CZ), chief executive of Binance, explained that the zero commission for BUSD would end in about seven days and this conclusion was based on developments in the industry.
In 2022, Binance introduced commission-free trading of 13 BTC spot trades. This action led to an increase in spot trading volume and, as of February, accounts for 62% of the industry's total equity volume. In the same month, New York financial authorities ordered the issuer of BUSD Paxos to stop issuing stablecoin, which caused BUSD to fall, while TUSD pulled ahead. TrueUSD's market capitalisation has exceeded $2 billion and continues to rise.
