Binance Curb on Zero-Fee Trading May Cost Market Share, Boost TrueUSD Stablecoin

Binance phased out zero-fee buying and selling bitcoin (BTC) with several asset pairs Wednesday, only keeping the promotion for TrueUSD (TUSD) stablecoin. Binance’s decision may foreshadow a major shift for centralized crypto exchanges, ending Binance’s dominance. Zero-fee trading pairs have represented some 60% of all trading volume on the platform, according to Kaiko data. It may also underscore TUSD’s status as Binance’s favored stablecoin.

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