Binance Moves Zero Commission Application on Bitcoin to TUSD

Binance, the world’s largest cryptocurrency exchange in terms of volume, recently announced that some changes have been made to the zero commission application in Bitcoin. Binance CEO Changpeng Zhao announced the change with a note of “important update”.

“Due to recent events, we are moving the zero commission practice for Bitcoin from BUSD to TUSD,” Binance CEO Changpeng Zhao said on his personal Twitter account. Zhao highlighted the biggest change to the app.

On February 10, 2023, a flash development occurred and it was announced that the Paxos Trust Company, which is behind BUSD and Paxos Dollar (USDP), was under investigation by the New York Department of Financial Services (NYDFS). It is considered that Binance’s transition to TUSD by ending BUSD support in BTC’s zero commission application is related to the investigation.

As it is known, Binance launched zero commission trading for BTC spot trading pairs on July 8, 2022 to celebrate its fifth anniversary. Zero commission trading was initially available for 13 spot trading pairs. The spot trading pairs in question were as follows: BTC/AUD, BTC/BIDR, BTC/BRL, BTC/BUSD, BTC/EUR, BTC/GBP, BTC/RUB, BTC/TRY, BTC/TUSD, BTC/UAH, BTC /USDC, BTC/USDP and BTC/USDT.

With the recent changes to the zero commission implementation in Bitcoin, users will be able to continue trading with zero commission only when trading BTC on the BTC/TUSD spot trading pair. Zero commission fees for BUSD will no longer cover spot and margin trading pairs BNB/BUSD, BTC/BUSD, and ETH/BUSD. Standard transaction fee application as well as spot and margin trading pairs BTC/AUD, BTC/BIDR, BTC/BRL, BTC/BUSD, BTC/EUR, BTC/GBP, BTC/RUB, BTC/TRY, BTC/UAH and BTC/USDT BNB/BUSD and ETH/BUSD will also apply to spot and margin trading pairs.