Binance eliminates fees for bitcoin trading worldwide

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Binance will eliminate the trading commissions for bitcoin (BTC) all rededor del mundo from July 8, suffering the vara de la competencia para los otros exchanges de cryptomonedas.

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The tariffs will be eliminated by the combination of bitcoin with 13 stablecoins and fiat dinero, including BTC/USDT, BTC/USDC and BTC/BUSD, anunció Binance el miércoles.

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This measure corresponds to an extension of a program that the largest exchange by volume introduced in the United States last month.

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Fee-free trading will become effective from July 8 to coincide with the exchange's five-year anniversary and will continue until further notice.

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The decision to extend this measure worldwide comes two weeks after Binance's US operation removed trading fees for bitcoin spot pairs.

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With the current bear market, exchanges like Binance have been looking for ways to attract and retain users on their platforms to ensure they stay on their feet.

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Shares of Binance's rival exchange Coinbase (COIN) fell 9.7% on June 22, the day US Binance announced its fee-free trading.

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Stocks are down 5.8% today, while the Nasdaq 100 Index is down less than 0.2%.

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