Binance.US has drastically cut its spot trading fees to 0% for makers and 0.02% for takers across all trading pairs. This new pricing applies to all users without volume thresholds or subscription requirements, potentially slashing trading costs by up to 98% compared to competitors like Coinbase and Kraken.
The move, effective immediately, follows the appointment of Stephen Gregory as CEO and expands upon previous zero-fee offerings on select Bitcoin pairs. The platform cited its robust trading infrastructure and a completed SOC 2 Type II audit as support for the updated fee structure.
This strategic pricing adjustment comes as Binance, the world's largest crypto exchange by trading volume, faces intensified regulatory scrutiny in the United States. The company settled with US authorities for $4.3 billion in 2023 over AML and sanctions violations. Recent reports allege over $1.7 billion in transactions linked to Iranian entities may have passed through the platform, prompting renewed calls for comprehensive reviews of Binance's compliance controls by US senators.