- Binance updates zero-fee Bitcoin trading from BUSD to TUSD due to “recent events.”
- Updated fee structure for popular trading pairs, including 0% maker and taker fees for BTC/TUSD.
- Binance CEO’s comment on DeFi credit protocol TrueFi’s $TRU prompts decline in value.
Leading crypto exchange Binance’s CEO Changpeng Zhao tweeted on March 15 that the platform will no longer support Zero-Fee Bitcoin Trading. Alongside sharing an updated BUSD Zero Maker Fee Promotion, Zhao announced that, “given recent events” surrounding the collapse of several American banks, Binance is moving zero-fee BTC trading from BUSD to TUSD.
According to the announcement, starting from March 22, Binance is updating its zero-fee Bitcoin trading program and BUSD zero maker fee promotion. Moreover, this update will be in effect until further notice.
Additionally, the platform has released an updated fee structure for several popular trading pairs. For the BTC/TUSD trading pair, Binance has announced a 0% maker fee and 0% taker fee.
Meanwhile, for the BNB/TUSD and ETH/TUSD trading pairs, Binance has set the maker fee at 0% and the taker fee at the standard rate based on the user’s VIP level.
For several other popular trading pairs, including BTC/AUD, BTC/BIDR, BTC/BRL, BTC/BUSD, BTC/EUR, BTC/GBP, BTC/RUB, BTC/TRY, BTC/UAH, and BTC/USDT, Binance has set the maker fee at the standard rate based on the user’s VIP level, and the taker fee at the standard rate based on the user’s VIP level.
Finally, for the BNB/BUSD, BTC/BUSD, and ETH/BUSD trading pairs, Binance has set the maker fee and the taker fee at the standard rate based on the user’s VIP level.
A crypto community member on Twitter commented about DeFi credit protocol TrueFi’s $TRU on Zhao’s announcement post. The tweet read: Wow what a day for $TRU get in everyone historical announcement.
In response, Zhao clarified that “TRU should not be related to TUSD.” However, this pushed the crypto to decline from a high worth $0.1479 to a sudden low of $0.1298 in price.
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