The toll-free Bitcoin trade from Binance.

The toll-free Bitcoin trade from Binance.

The American branch of the Krypto Exchange Binance without its headquarters now offers the free trade with four Bitcoin spot market pairs and plans to add further tokens to the fee-free list in the future.

"Bitcoin was the original cryptocurrency, is the best known and most recognized digital asset, has the largest market capitalization of all tokens and has long been the first purchase of newcomers to the crypto ecosystem," a spokesman for Binance.Us told Blockworks. "With this step is Binance. Undoubtedly, the best place for Bitcoin investors in the United States."

binance. In contrast to the crypto and stock trading platform Robinhood, no spread deserves for a fee-free transactions, said the spokesman for Binance.Us.

"BTC is just one of more than 100 tokens listed on our platform, and spot trade is just a service that we offer our customers," said the spokesman. "We continue to introduce new products and services, such as B. Staking at the beginning of this month."

The step exerts pressure on other crypto exchanges to follow this example, industry members said.

"Although it is great for consumers, an exchange of exchange fees could begin between the big US exchanges ... and further reduce the exchange gains for these stock exchanges in a bear market with a small volume," said Josh Olszewicz, head of research at the crypto fund manager Valkyrie Investments. "In a crowded and competitive market with a considerable retail trade volume, the reduction in fees is an opportunity to take a canceled and attract new customers."

Coinbase recently introduced a subscription service for selected users that enables free transactions, but there is a volume limit. The limit can be found in the individual settings of the users on the coinbase platform, the stock exchange, said . The subscription also includes an account protection guarantee of $ 1 million.

Coinbase does not list the price of his subscription service publicly, but some users have reported a fee of $ 29.99 per month. The fee structure of Coinbase varies depending on the type of transaction, volatility and liquidity as well as the stock exchange said .

"We hope that our pricing model will find broader acceptance in the industry over time, as this would have a positive effect on the ecosystem and the market participants as a whole," said the spokesman for Binance.Us. "We look forward to listing the race for zero fees everywhere."

binance.us is currently available in 46 US states. Residents of Hawaii, New York, Texas and Vermont have to wait until they can access Binance.Us, but a company spokesman said that this may not be the case for long.

"The deadlines vary for every state, but we have active and productive discussions with state supervisory authorities," said the spokesman. "Our goal is to demonstrate our compliance-first thinking way and to secure the remaining licenses so that we can offer our services in all 50 states by the end of the year."

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The Post Binance.us ’Zero-Fee Bitcoin Trading May Trigger Fee War for Exchanges is not a financial advice.