World’s largest by volume cryptocurrency Binance TR, the Turkish unit of the Turkish stock exchange Binance, announced in its latest announcement. XRP (XRP), Shiba Inu (SHIB) and Cocos-BCX (COCOS) announced that it will launch BUSD trading pairs for
As it is known, there is no market maker commission fee for BUSD trading pairs on Binance. Considering that the launched coins are very popular among Turkish investors, many users were excited about this step.
“Binance TR will list XRP (XRP), Shiba Inu (SHIB) and Cocos-BCX (COCOS) on the BUSD trading pair as of 13:00 Turkish time on Friday, 20/01/2023.”
Click for details: 👉https://t.co/35y2x0l4NA pic.twitter.com/JtdRpn82fN
— Binance TR (@BinanceTR) January 19, 2023
Binance Charges No Maker Commission Fee on BUSD Trading Pairs
Market maker and market taker are two different types of traders in financial markets, including the cryptocurrency market.
A market maker is a trader or financial institution that provides liquidity to the market by placing buy and sell orders at different prices for a security or coin.
These orders are usually placed at slightly different prices from the current market price, allowing market makers to profit from the difference. Market makers are often called “liquidity providers” because they help ensure that buy and sell orders are always available in the market, making it easier for other traders to buy and sell whenever they want.
On the other hand, a market taker is a trader who takes liquidity from the market by placing orders that are executed instantly at the current market price. Market buyers are usually individual traders or algorithmic traders who place large orders, which can cause temporary changes in market prices. Market takers are also known as “liquidity takers” as they take the available liquidity in the market.
*Not investment advice.
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