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Binance.US Launches Tiered Trading Fee Discount Program

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Thu, 31/10/2019 - 17:32
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Binance.US Launches Tiered Trading Fee Discount Program
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Binance.US, the American division of the Malta-based exchange, has announced the details of its tiered trading fee discount program

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As reported by U.Today, the recently launched exchange offered its customers commission-free trading until the end of October. This was supposed to be a major selling point for Binance for winning over the US market.   

This marketing trick did work. Binance.US had a very smooth start, recently surpassing $10 mln in daily trading volume. Binance CEO Changpeng Zhao claimed that it took the parent exchange much longer to achieve the same milestone.          

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After the initial courting stage, Binance.US will be charging a general 0.1 percent fee for both maker and taker trades starting from Nov. 1. The exchange's users will be able to get a 25 percent discount if they choose to pay in Binance Coin (BNB)

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In order to increase its trading volumes, Binance.US introduced eight VIP tiers. Those want to save more on their fees can get into this exclusive club by least $500,000 on a monthly basis. Your discount will be directly correlated to the size of your monthly trading volume.  

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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