Binance ended zero-fee trading for top BTC pair BTC/TUSD, stirring memories of the 90% volume crash in March.
Binance appears to be reducing TUSD support despite BTC/TUSD being a leading pair.
Sneak Peek 3: Critics say Binance’s policy changes cause market instability.
Cryptocurrency exchange Binance recently announced it will modify its popular zero-fee Bitcoin trading program, ending free BTC/TUSD trades starting September 7th. While zero fees remain for BTC/FDUSD, Binance is discontinuing the incentive for one of its largest BTC pairs.
In March, when Binance halted zero-fee BTC/BUSD trades in favor of the lesser-used TUSD pair, overall trading volumes crashed by 90%. Now, with TUSD losing its zero-fee status as well, many worry history could repeat itself.
Is Binance reducing TUSD support?
Binance is seemingly reducing support for TUSD amid general stablecoin concerns. However, TUSD and USDT represent Binance’s highest-volume BTC pairs after BNB. Redirecting activity to the ma
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