Cryptocurrency trading platform Binance will introduce zero-fee trading for the ETH/BUSD spot trading pair on August 26, with the validity period ending on September 26, the company announced on August 23.
“All users will enjoy zero maker and taker fees for the ETH/BUSD spot trading pair,” the company said in a post. “The ETH/BUSD spot trading pair will be excluded from BNB fee discounts, fee rebates or any other form of fee adjustments or fee promotions.”
Binance also launched different schemes for VIP users and spot liquidity providers. For VIP users, trading volume on the ETH/BUSD spot trading pair will be excluded from the 30-day volume calculation toward the Trading Fee Level. For spot liquidity providers, maker volume on the ETH/BUSD spot trading pair will be excluded from the maker volume calculation toward the spot liquidity provider program.
Ethereum (ETH) ranks top among the projects with the most development activity in the last 30 days at 401, according to data from blockchain analytics platform Santiment on August 22. Additionally, with network activity plunging, Ethereum’s transaction fees are now at their lowest level in almost two years, hitting 13 gwei, according to data from Ycharts.