Binance.US Cuts Spot Trading Fees to Near Zero

Update (April 22 7:49 PM UTC): This article has been updated to reflect the relationship between Binance.US and Binance in the eighth paragraph.

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.