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Binance’s zero-fee Bitcoin update could echo March downturn

Binance cryptocurrency exchange announced its intention to modify its zero-fee Bitcoin trading program on Aug. 24. This action has the potential to initiate a significant market downturn, reminiscent of the 90% trading volume decline observed following Binance's discontinuation of zero-fee trading in March.In an official statement, cryptocurrency exchange Binance unveiled

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Crypto Exchange Binance Will Expand Zero-Fee Trading with TrueUSD (TUSD) after Minting $1B Worth of Stablecoin

Binance started to promote TUSD on its platform after New York state regulator’s forced issuer Paxos to mint Binance-branded stablecoin BUSD in February. Now, the exchange’s crypto wallets hold at least 90% of the stablecoin’s $3.1 billion total market capitalization, according to Arkham data. Source

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Binance market share chopped with the end of zero-fee BTC trading

New data has revealed that cryptocurrency exchange Binance has experienced a loss in market share after it ended its zero-free Bitcoin (BTC) trading.A report by CCData released in mid-May revealed that the exchange market share has continued to slide for the second consecutive, to 46.3%. This marks Binance’s lowest percentage

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TrueUSD Stablecoin Daily Trading Volume Surpasses $1B After Binance’s Zero-Fee Boost

The stablecoin’s recent popularity comes after Binance, the world’s largest crypto exchange by trading volume, picked TUSD as a favored stablecoin trading pair on its platform amid a regulatory crackdown on its namesake Binance USD (BUSD). New York regulators ordered BUSD issuer Paxos, a fintech firm based in the state,

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Binance Bitcoin Trading Volume Hits Lowest Level in 8 Months Following Termination of Zero-Fee Trading

The declines come after the exchange halted its no-fee trading promotion for the 13 bitcoin spot trading pairs, including BTC-USDT, on March 22. Binance called the promotion temporary. In an email to CoinDesk last week, Kaiko Research Director Clara Medalie wrote that without zero-fee, she expected “a short-term drop in

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