Binance.US Cuts Trading Fees to Near Zero

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 hour ago

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Significant Fee Reduction: Binance.US has introduced a near-zero fee structure with 0% maker fees and 0.02% taker fees, aiming to attract cost-conscious traders and enhance its user base and market competitiveness.
Intensified Market Competition: Compared to Coinbase, which charges 60 basis points for taker fees and 40 basis points for maker fees, Binance.US's significantly lower fees demonstrate its commitment to capturing users in the U.S. crypto market.
Regulatory Recovery and Market Positioning: Despite the fee cuts, Binance.US's daily trading volume remains at approximately $14.8 million, far below Binance's $10 billion and Coinbase's $1.9 billion, highlighting challenges in regaining user trust and market share.
Alignment with Industry Trends: This fee adjustment not only addresses widespread criticism of crypto trading costs but also aligns Binance.US's pricing model closer to traditional financial markets, potentially aiding its recovery in a competitive landscape.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	62060.547	66313.769	70966.377	75219.599	79872.207	84125.429	88778.037
Fibonacci	66313.769	69715.796	71817.572	75219.599	78621.626	80723.402	84125.429

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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