Coinbase stock falls 7% after Binance announces zero-trading fee
Binance users can now make spot bitcoin trades for the US dollar and stablecoins
By Yashasvini Razdan
Published - Jun 22, 2022, 05:24 PM ET
Last Updated - Mar 05, 2024, 11:57 AM EST
• Binance users can now make spot bitcoin trades for the US dollar and stablecoins
Shares of Coinbase Global (NASDAQ: COIN) fell more than 7% Wednesday after rival crypto exchange Binance.US said it will introduce zero-fee trading for bitcoin.
Binance.US said it will allow users to make spot bitcoin trades for the US dollar and stablecoins tether, USD Coin, and Binance USD without paying spot trading fees.