Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, is celebrating its 5th anniversary by eliminating trading fees on a wide range of bitcoin spot trading pairs. While the popular exchange platform has long maintained one of the lowest spot trading fees in the industry, it is establishing itself as the global leader in pricing with this latest move.
From July 8, users will be able to enjoy fee-free trading on thirteen stablecoin and fiat combinations including BTC/USDT, BTC/BUSD, BTC/USDC, BTC/EUR, BTC/TRY, and more. The new trading fees will be in effect until further notice, allowing Binance users globally to enjoy the fee-free feeling beyond the two weeks of anniversary celebrations.
Binance Founder and CEO “CZ” (Changpeng Zhao) said: “In line with our user-first philosophy, Binance has always strived to provide the most competitive fees in the industry. At its core, Binance is an inclusive platform with accessibility in mind. Eliminating the trading fees on selected BTC spot trading pairs is another move towards that direction.”
“Within the span of five years, Binance has amassed an amazing community that believes in us and supports our vision. Our growth and achievements would not have been possible without them. We hope to give back to the community by providing them with the world’s best products and services,” added CZ.
Binance launched in July 2017 as a crypto-to-crypto exchange and within six months, became the world’s largest crypto exchange. Today, Binance is a global blockchain ecosystem spanning across trading services, infrastructure solutions, educational resources, research, social good and charitable programs, investment and incubation initiatives, and more. By providing access to broad financial tools while maintaining one of the lowest fees in the business, Binance is making crypto accessible to everyone in Africa and beyond.
To learn more about the new fee structure, click here.
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In related news, Changpeng Zhao, CEO & founder of Binance, announces donation during visit to West Africa. He recently visited Ivory Coast and Senegal as part of his tour to connect with Binancians across the world and collaborate with policymakers. CZ’s stay in the region involved meetings with Alassane Dramane Ouattara, President of Ivory Coast and Macky Sall, President of Senegal, amongst others.
Changpeng, known more commonly by his initials “CZ”, expressed the company’s commitment to collaborating with policymakers in Africa as well as highlighting blockchain’s importance to the financial economy. “Africa is primed for crypto adoption as blockchain provides financial accessibility not currently available to lots of Africans”, CZ said.
During his visit, CZ announced Binance’s partnership with Jokkolabs, one of Africa’s first social impact hubs. Through this partnership, Binance will launch a blockchain awareness and education programme throughout communities in Francophone Africa.
“Together, we will reinforce the region as a hub of blockchain innovation and entrepreneurship”, he said. The partnership will involve a monetary donation for community education workshops with an aim to increase blockchain literacy and skills. Binance aims to build the fintech community across the Francophone Africa region, ensuring enthusiasts are empowered to build blockchain solutions and solve real-world problems.
CZ’s visit comes a week after the announcement of Binance’s partnership with Senegalese Khaby Lame, the most-followed creator on TikTok. It also comes a few months after Binance’s sponsorship of AFCON, the largest international football championship in Africa, showing Binance’s commitment to driving blockchain adoption within the region.