Honoring its fifth anniversary, Binance, prominent cryptocurrency exchange, and blockchain ecosystem is hosting several giveaways to its users. As a recent initiative, they eliminated fees on its spot trading pairs. With this most recent step, Binance is solidifying its position as the world leader in pricing, while having long remained one of the lowest spot trading costs in the sector.
Starting on July 8, users will get a chance to enjoy free trading fees on spot trading. The new trading costs will be in place until further notice, enabling users worldwide to continue to feel fee-free beyond the two-week anniversary celebration period.
Binance’s CZ spoke about the struggle behind the success
“Within the span of five years, Binance has amassed an amazing community that believes in us and supports our vision. Our growth and achievements would not have been possible without them. We hope to give back to the community by providing them with the world’s best products and services.”
In one of its recent tweets, CZ stated that when BNB started trading initially, it fell below its ICO price of $0.06. The price fluctuated around the same for over three weeks, and CZ stated that it was the most challenging phase of his life.
“One lady had a camera to capture the celebration of the go live, but as BNB price dropped and everyone went quite, she just tucked the camera away in a as non-noticeable as possible way… I remember that scene vividly. It’s never all smooth sailing.”
Over the span of 5 years, the exchange has evolved to be one of the largest cryptocurrency exchanges globally, providing a seamless experience to its traders.