Binance US Cuts Fees to Near-Zero as Trading Volumes Collapse to 0.20% Market Share

Binance US has slashed fees to near-zero as its ￰2￱ share collapsed to just 0.20%. According to an official X post earlier today, the exchange now offers 0% maker fees and 0.01% taker fees on more than 20 crypto pairs, including Ethereum, Solana, BNB, and Cardano, with no subscription or volume ￰3￱ the aggressive fee cuts, trading volumes remain negligible, with the platform’s share of U. S. dollar-supporting exchange volume falling from around 10% previously to about 0.20% as of ￰4￱ current daily trading volume stands at just $15.5 million compared to Coinbase’s $2.9 billion and Kraken’s $1.3 billion in normalized volume as revealed by CoinGecko’s ￰5￱ largest ￰6￱ platform now has some of the lowest ￰7￱ ETH, SOL, BNB, and 20+ staking assets on select USD/USDT pairs with 0% trading fees*.

Build your conviction and trade with ￰8￱ on ￰0￱ . — ￰9￱ (@BinanceUS) September 10, 2025 From Zero-Fee Pioneer to Market Afterthought The latest fee reduction marks Binance. US’s second major attempt to capture market share through aggressive pricing after initially launching zero-fee Bitcoin trading in June ￰10￱ program covered four spot pairs – BTC/USD, BTC/USDT, BTC/USDC, and BTC/BUSD – and was later expanded to include Ethereum pairs in December ￰11￱ volumes collapsed by 99% from nearly $5 billion weekly in March 2023 to around $40 million by September 2023 following the Securities and Exchange Commission’s lawsuit against the ￰12￱ Weekly Trading Volume Collapse (2022-2025) The SEC filed 13 charges in June 2023 against Binance, CEO Changpeng Zhao, and ￰13￱ for allegedly operating an unregistered securities exchange and manipulating ￰14￱ 24 hours of the lawsuit, the platform experienced $1.43 billion in net outflows as traders fled amid fears that customer funds could be ￰15￱ partners immediately severed relationships with Binance.

US, forcing the exchange to suspend USD deposits and warn customers to withdraw their dollars before services were completely ￰16￱ platform operated as a crypto-only exchange for 19 months until February 2025, when it restored fiat deposit and withdrawal services through ACH bank ￰17￱ after the SEC voluntarily dismissed its lawsuit with prejudice in May 2025, trading activity failed to recover meaningfully despite the removal of major legal uncertainties. @SECGov and @binance legal clash ends as ￰18￱ drops landmark lawsuit. #binance #SEC ￰1￱ — ￰19￱ (@cryptonews) May 30, 2025 The exchange has also added more than 20 pairs to its “Tier 0” pricing model, with all pairs now carrying a 0.01% taker fee while maintaining 0% maker ￰20￱ Pricing Alone Revive a Wounded Exchange?

The current fee structure positions ￰21￱ as potentially the lowest-cost venue in the U. S. market, undercutting Coinbase’s 0.40%/0.60% maker/taker fees for low-volume users and Kraken’s 0.16%/0.26% standard fees. However, competitors have solidified their positions during Binance.

US’s regulatory troubles, with Coinbase maintaining approximately 60-65% of the ￰22￱ share and reporting $393 billion in Q1 2025 trading ￰23￱ has emerged as a clear second-place competitor with $186.8 billion in Q2 2025 volume and recently acquired NinjaTrader for $1.5 billion to expand its derivatives ￰24￱ observers note that aggressive pricing alone cannot overcome the trust deficit and liquidity concerns that developed during the platform’s 19-month period without fiat ￰25￱ adoption remains minimal for ￰26￱ compared to rivals like Coinbase, which manages over $400 billion in assets under management and operates significant custody ￰27￱ platform’s association with global Binance continues to create compliance questions for potential institutional clients, even after the SEC case dismissal and leadership changes.

Moreso, regulatory uncertainty has made institutional investors particularly risk-averse regarding platforms with previous enforcement actions, regardless of case outcomes. “I strongly believe that 2025 will be a breakout year for Binance. US, and our teams are hard at work building a comeback story for the ages,” Interim CEO Norman Reed stated in December ￰28￱ exchange plans to launch new features and expand its product lineup throughout 2025 as it attempts to rebuild its market position under more favorable regulatory conditions following the Trump administration’s pro-crypto stance.