Binance has announced a new zero-fee promotion for TrueUSD (TUSD) trading pairs, set to begin on June 30, 2023. This is an expansion of the prior promotion, which only applied to the Bitcoin (BTC) – TUSD pair, to include all TUSD spot and margin trading pairs. Binance has also extended the BUSD zero-maker fee promotion for an additional six months until the end of 2023.
The move is expected to have a significant effect, stimulating the dynamics of the cryptocurrency market by increasing market activity and liquidity. The fifth-largest dollar-pegged stablecoin on the market, the TUSD token is issued by the cryptocurrency company ArchBlock, formerly known as TrustToken.
The expansion of the fee-free trading opportunity is anticipated to create a more welcoming trading environment for the entire crypto community. However, it also comes amid the regulatory backlash the exchange has received from regulatory authorities around the world. Binance and its CEO, Changpeng “CZ” Zhao, have recently been the target of several lawsuits, including ones from the US Securities and Exchange Commission (SEC). The company also had to leave the Netherlands and revoke its operating permits in the UK, as well as canceling its registration with Cyprus’ securities regulator.
