Binance.US has cut spot trading fees to “near zero” across all listed digital assets, setting maker fees at 0% and taker fees at just 0.02% on every trading pair.
The move is a clear attempt to draw users to a platform that has struggled to gain traction in the U.S. market.
Fee structure and competition
Binance.US CEO Stephen Gregory said in a statement:
“American crypto traders have been paying too much for too long. Today we’re proving that a fully regulated U.S. platform can also be the most affordable one, and that competition in this industry directly benefits consumers.”
By comparison, Coinbase charges retail traders up to 60 basis points for taker fees and 40 basis points for maker fees on orders below $10,000 — equating to $60 in taker fees on a $10,000 order.
A platform fighting for relevance
Binance.US recorded just $14.8 million in 24-hour trading volume according to CoinGecko, ranking among the 20 lowest-volume exchanges tracked by the platform.
That compares to $10.7 billion on the global Binance exchange, $1.9 billion on Coinbase, and $1 billion on Kraken.
The platform’s growth stalled in June 2023 when the SEC sued Binance, forcing its U.S. arm to suspend dollar deposits and withdrawals for two years.
The SEC later dropped its case, and Binance.US restored fiat rails.
Leadership changes and legal backdrop
Former Binance CEO Changpeng Zhao pleaded guilty to violating the Bank Secrecy Act in a Department of Justice case before being pardoned by President Trump earlier this year.
Gregory was named CEO of Binance.US in March, replacing interim CEO Norman Reed.
The exchange had previously extended 0% maker fees and 0.01% taker fees to its 20 most common trading pairs in September, but Wednesday’s announcement expands that structure across all pairs.
