Binance.US lowers handling fees for multiple trading pairs due to continued sluggish trading volume

PANews reported on September 10 that according to The Block, Binance.US lowered the handling fee for more than 20 trading pairs including Ethereum, Solana, BNB, and Cardano because its transaction volume was almost exhausted. The exchange said that these trading pairs will now impose a 0% Maker fee and a 0.01% Taker fee, and there are no subscription or volume requirements. Binance.US has also added more than 20 new trading pairs to its "level 0" pricing model. All 0-level trading pairs (including BTC/USD that replaces BTC/USDC) will now implement a 0.01% order handling fee, while maintaining a 0% order handling fee. Binance.US's trading volume has dropped sharply since the US SEC sued Binance and related entities in June 2023. Data shows that as of August, Binance.US' share of U.S. fiat currency-backed exchange trading volume has dropped from about 10% before to about 0.20%. Although the SEC removed the lawsuit against Binance and related entities in May this year, Binance.US's trading activities remain minimal.