CZ Drives Drop In TRU Value While Releasing Zero-Fee BTC Trading Updates

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.