Binance, one of the largest cryptocurrency exchanges in the world, shared a new announcement on its official Twitter account during the day. The popular stock market, which gave good news to Ethereum (ETH) investors, again sat on the agenda of the crypto money industry.

Announcing that Bitcoin (BTC) will no longer receive commissions from spot trading in the past, Binance wants to ensure that investors turn to the spot stock market rather than leveraged transactions.

   "Enjoying 0 fee #BTC trading?

Well, we've got more good news for you. $ETH trading will soon be free on #Binance too!

Starting from August 26, you'll pay 0 fees when trading the $ETH/#BUSD spot trading pair."

forfree

According to the latest announcement as of today, the popular exchange will reduce the commission amount to zero for spot trading of ETH/BUSD as of August 26. It should be noted that this move to increase Ethereum's (ETH) spot trading volume will only be active for Binance USD (BUSD), Binance's USD-indexed stablecoin.

Cryptocurrency investors seem to be turning to derivatives markets more. Investors who do not use spot trading due to the bear season in the industry may now start to move away from leveraged transactions.

Thanks to this last step to be taken, the usage rate of Binance USD (BUSD) seems to increase. Binance, which wants to take away the sovereignty of Tether, is expected to continue to announce new good news for investors using Binance USD (BUSD). Although no commission will be charged from the ETH/BUSD parity, these transaction fees will continue to be charged in other parities.

Announcing that this practice will continue from August 26 to September 26 for now, Binance wants investors to trade on Binance USD (BUSD) during the Merge merger of Ethereum (ETH).