Binance.US Slashes Fees Across All Crypto Listings

TLDR

• Binance.US reduced spot trading fees to 0% maker and 0.02% taker across all listed cryptocurrencies.
• The new pricing structure applies to both low-volume and high-volume traders without tier requirements.
• Chief Executive Officer Stephen Gregory said American crypto traders have been paying too much for too long.
• The exchange previously offered zero fees on select bitcoin pairs before expanding the discount to all spot markets.
• CoinGecko data shows Binance.US recorded $14.8 million in 24-hour trading volume.

Binance.US has reduced spot trading fees across all listed cryptocurrencies to near zero. The exchange announced the revised pricing on Wednesday and confirmed immediate implementation. The company said the move aims to attract more users and increase trading activity.

Binance.US Introduces Near-Zero Spot Trading Fees

Binance.US confirmed it will charge 0% maker fees on all spot trading pairs. The exchange will also charge 0.02% taker fees across every listed digital asset. The company said the structure applies to both high-volume and low-volume traders.

Chief Executive Officer Stephen Gregory announced the change in an official statement. He said, “American crypto traders have been paying too much for too long.” He added, “Today we’re proving that a fully regulated U.S. platform can also be the most affordable one, and that competition in this industry directly benefits consumers.”

The exchange explained that makers add liquidity by placing orders that remain open. Takers remove liquidity by executing orders immediately. Binance.US said the new rates will cover all spot trading pairs without exception.

The updated pricing follows earlier fee reductions introduced on select bitcoin pairs. In September, the company expanded zero maker fees and lowered taker fees to 0.01% on its 20 most traded pairs. Now, the exchange has extended reduced fees to its entire spot market.

Market Position and Competitive Landscape

The global Binance platform currently charges standard maker and taker fees of 0.10%. However, it offers lower rates to VIP clients and BNB token holders. Binance.US confirmed that its new rates apply broadly without tier requirements.

Coinbase maintains a tiered fee model based on trade size. Retail traders placing orders below $10,000 pay 60bps for taker fees and 40bps for maker fees. A $10,000 taker order on Coinbase results in a $60 fee.

Data from CoinGecko shows Binance.US recorded $14.8 million in 24-hour trading volume. In comparison, the global Binance exchange reported $10.7 billion during the same period. Coinbase posted $1.9 billion, while Kraken recorded $1 billion.

Binance.US ranked among the 20 lowest-volume exchanges tracked by CoinGecko. The platform launched in 2019 but reported limited growth in recent years. Trading activity slowed sharply after regulatory challenges in 2023.

The Securities and Exchange Commission sued Binance in June 2023. Following the lawsuit, Binance.US suspended U.S. dollar deposits and withdrawals. As a result, the platform operated as a crypto-only exchange for nearly two years.

The SEC later dropped its civil case against the company. Binance.US restored U.S. dollar deposits and withdrawals after the resolution. The company confirmed that full fiat services resumed following the dismissal.

Binance and former Chief Executive Officer Changpeng Zhao pleaded guilty to violating the Bank Secrecy Act. The Department of Justice filed criminal charges against the company and Zhao. Zhao stepped down as Binance CEO and chairman of Binance.US after the plea.

President Donald Trump later granted Zhao an official pardon. In March, Binance.US appointed Stephen Gregory as chief executive officer. Gregory replaced interim CEO Norman Reed, who previously worked at the SEC and Ripple.