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.
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Binance looks to bolster lead in crypto market with free trading
“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.
