Crypto exchange Binance said it will expand its zero-fee trading promotion to the Argentine, Brazilian and South African currency spot trading pairs starting Friday.
Binance users will be able to trade bitcoin (BTC), ether (ETH) and Tether’s USDT stablecoin with the Argentine peso, Brazilian real and South African rand on the spot market without paying any so-called maker fees, according to a Thursday blog post. Makers create orders and wait for them to be filled, while takers remove liquidity by taking available orders.
The exchange’s action comes as Binance faces legal and regulatory challenges in the U.S. and Europe, and crypto trading volumes hit the lowest levels since
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