Binance.US Significantly Cuts Trading Fees to Boost User Base

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 2 days ago

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Fee Reduction: Binance.US has slashed trading fees for all digital assets to nearly zero, with a 0% maker fee and a 0.02% taker fee, aiming to attract more users and enhance its competitive edge in the market.
Competitive Pressure: This move could exert pressure on rival exchanges in the U.S., particularly Coinbase, where transaction fees vary by size, making it more expensive for smaller investors, potentially leading to a broader industry fee reduction.
Positive User Feedback: CEO Stephen Gregory noted that American crypto investors have long faced high fees, and this fee reduction demonstrates that a regulated platform can also be the most cost-effective, aiming to improve user experience significantly.
Market Position Enhancement: Following the dismissal of a lawsuit by the SEC in 2023, Binance.US aims to strengthen its market position and drive trading volume growth through this new fee policy and the resumption of U.S. dollar transactions.

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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 5 technical signals, shows that 3 indicators are flashing buy, while 2 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	67063.662	70186.756	73226.632	76349.726	79389.602	82512.696	85552.572
Fibonacci	70186.756	72541.011	73995.471	76349.726	78703.981	80158.441	82512.696

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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