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Tuesday, September 27, 2022

Binance Might Opt For Zero Trading Fee

Binance is one of the biggest names in the crypto market. The company has been a leading player when it comes to the crypto market. They have had significant success over the last few years and are one of the highly trusted names in the industry. The success of the company has made a lot of people interested in investing in cryptocurrencies. However, there has been one major problem that the users of the platform have been complaining about.

Most of the users have stated that the trading fee is something that has been bothering them to a great extent. Keeping in mind the recent trends of the market, most of the users are not willing to shell out a large number of trading fees. The cryptocurrency market has been facing a steep downward curve for the last few months. Major companies like Bitcoin and Ethereum have suffered great losses during this period. Both the companies witnessed their prices reaching new lows. Thus, most investors are very much interested in the implementation of a zero-trading fee rule to make life easier in the crypto market. However, the CEO of Binance had earlier pointed out the potential risk elements of implementing a new system. Let us learn more about the story in detail below. 

Binance Users Opt For Zero Trading Fee 

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Changpeng Zhao is the CEO of Binance. He stated that the investors were the frontrunners of the company and they must have their decisions heard. He posted a poll on social media and asked about the opinions of the investors. 

In a matter of a few moments, the results of the poll were out. The majority of the investors stated that they do want Binance to take a zero-trading fee approach. It will be interesting to see how things pan out. 

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