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Binance, already the world’s biggest digital asset trading venue by volume, is waiving fees for a month for customers trading ether — the second-biggest digital token — using Binance’s house currency known as BUSD. The initiative comes ahead of a widely anticipated upgrade to the ethereum blockchain, where ether transactions are recorded.
“This approach [to free trading] has also been seen in traditional finance in the past, where a well-capitalised newcomer seeks dominance with the enticement of commission free trading for a limited period,” said Rufus Round, chief executive of GlobalBlock Digital Asset Trading, a broker.
https://www.ft.com/content/701f9c08-ebe4-4b14-b241-d71d81c3270d
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