Cryptocurrency News

Binance users support 0-fee trading despite CZ’s wash trading concerns

07/10/2022

Less than a minute

2022.07.09 16:41

Binance users support 0-fee trading despite CZ’s wash trading concerns

Both traditional and crypto investors consider trading fees as one of the most significant liabilities when it comes to investing over exchanges. So no wonder when Changpeng “CZ” Zhao, the founder and CEO of Binance, asked investors about their interest in trading on the crypto exchange with no fees, the response was a resounding yes despite the inherent risks pointed out by the entrepreneur.

Binance stands as the biggest crypto exchange, outdoing its nearest competition FTX by 10x in terms of the trading volume. Zhao, known for implementing features based on community feedback, reached out over Twitter (NYSE:TWTR) to gauge investor sentiment regarding the complete removal of trading fees.

07/10/2022

Less than a minute

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