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Binance US Cuts Fees to Near-Zero as Trading Volumes Collapse to 0.20% Market Share

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Binance US has slashed charges to near-zero as its U.S. market share collapsed to simply 0.20%.

According to an official X post earlier as we speak, the trade now provides 0% maker charges and 0.01% taker charges on greater than 20 crypto pairs, together with Ethereum, Solana, BNB, and Cardano, with no subscription or quantity necessities.

Despite the aggressive charge cuts, buying and selling volumes stay negligible, with the platform’s share of U.S. dollar-supporting trade quantity falling from round 10% beforehand to about 0.20% as of August.

Binance.US present every day buying and selling quantity stands at simply $15.5 million in contrast to Coinbase’s $2.9 billion and Kraken’s $1.3 billion in normalized quantity as revealed by CoinGecko’s data.

From Zero-Fee Pioneer to Market Afterthought

The newest charge discount marks Binance.US’s second main try to seize market share by means of aggressive pricing after initially launching zero-fee Bitcoin buying and selling in June 2022.

That program lined 4 spot pairs – BTC/USD, BTC/USDT, BTC/USDC, and BTC/BUSD – and was later expanded to embody Ethereum pairs in December 2022.

Trading volumes collapsed by 99% from almost $5 billion weekly in March 2023 to round $40 million by September 2023 following the Securities and Exchange Commission’s lawsuit towards the trade.

Binance US Cuts Fees to Near-Zero as Trading Volumes Collapse to 0.20% Market Share
Binance.US Weekly Trading Volume Collapse (2022-2025)

The SEC filed 13 fees in June 2023 towards Binance, CEO Changpeng Zhao, and Binance.US for allegedly working an unregistered securities trade and manipulating markets.

Within 24 hours of the lawsuit, the platform skilled $1.43 billion in web outflows as merchants fled amid fears that buyer funds may very well be frozen.

Banking companions instantly severed relationships with Binance.US, forcing the trade to suspend USD deposits and warn prospects to withdraw their {dollars} earlier than providers have been utterly halted.

The platform operated as a crypto-only trade for 19 months till February 2025, when it restored fiat deposit and withdrawal services by means of ACH financial institution transfers.

Even after the SEC voluntarily dismissed its lawsuit with prejudice in May 2025, buying and selling exercise failed to get well meaningfully regardless of the removing of main authorized uncertainties.

The trade has additionally added greater than 20 pairs to its “Tier 0” pricing mannequin, with all pairs now carrying a 0.01% taker charge whereas sustaining 0% maker charges.

Can Pricing Alone Revive a Wounded Exchange?

The present charge construction positions Binance.US as probably the lowest-cost venue within the U.S. market, undercutting Coinbase’s 0.40%/0.60% maker/taker charges for low-volume customers and Kraken’s 0.16%/0.26% normal charges.

However, rivals have solidified their positions throughout Binance.US’s regulatory troubles, with Coinbase sustaining roughly 60-65% of the U.S. market share and reporting $393 billion in Q1 2025 trading volume.

Kraken has emerged as a transparent second-place competitor with $186.8 billion in Q2 2025 volume and lately acquired NinjaTrader for $1.5 billion to develop its derivatives choices.

Industry observers be aware that aggressive pricing alone can not overcome the belief deficit and liquidity considerations that developed through the platform’s 19-month interval with out fiat providers.

Institutional adoption stays minimal for Binance.US in contrast to rivals like Coinbase, which manages over $400 billion in assets under management and operates vital custody providers.

The platform’s affiliation with world Binance continues to create compliance questions for potential institutional shoppers, even after the SEC case dismissal and management adjustments.

Moreso, regulatory uncertainty has made institutional buyers notably risk-averse relating to platforms with earlier enforcement actions, no matter case outcomes.

“I strongly imagine that 2025 will likely be a breakout 12 months for Binance.US, and our groups are laborious at work constructing a comeback story for the ages,” Interim CEO Norman Reed stated in December 2024.

The trade plans to launch new options and develop its product lineup all through 2025 as it makes an attempt to rebuild its market place below extra favorable regulatory situations following the Trump administration’s pro-crypto stance.

The publish Binance US Cuts Fees to Near-Zero as Trading Volumes Collapse to 0.20% Market Share appeared first on Cryptonews.

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