Binance to Move Zero Fee Bitcoin Trading from BUSD to TUSD

• Binance moving its zero-fee $BTC trading pairs from $BUSD to $TUSD.
• Binance native token $BNB price surged about 7.7% in a week.

Binance, the world’s largest crypto exchange by trading volume updated its zero-fee Bitcoin trading program. Today Binance CEO Changpeng Zhao announced the cryptocurrency exchange moving zero-fee $BTC trading from Binance USD ($BUSD) to TrueUSD ($TUSD) on March 22.

Binance attempted to provide the market’s most competitive fees and grabs cryptocurrency enthusiast attention. On July 8, 2022, Binance removed fees for 13 $BUSD spot trading pairs in honor of its fifth anniversary and is still active. Crypto investors used to trade fiat currencies such as Euro, Australian Dollar, and other currencies against $BTC using Tether ($USDC), Binance USD ($BUSD), Circle’s USD Coin ($USDC), and more.

However, according to the official announcement, the zero maker fee excludes its pair with other assets such as $BNB and Ethereum. Further, trading costs would be applicable to all of its $BTC trading pairs, including Tether and several other fiat currencies, such as the British Pound, Euro and Australian Dollar.

On the other hand, $BTC/$TUSD spot trading pairs would have “no maker or taker fee” due to the move of $BUSD to $TUSD. Moreover, Binance would halt deposit and withdrawal services via bank transfers and card payments for UK customers from May 22.