Shares of Coinbase and Robinhood fell after Binance.US, the representative of Binance, one of the world’s leading crypto money exchanges, announced that it will offer zero commission on Bitcoin (BTC) trading.
Binance.US, Wednesday, June 22 in its official statement on the day certain trading pairs for spot Bitcoin trading in transactions zero commission announced that it will present
CEO Brian Shroder In an interview with Bloomberg on the subject, he made the following statements:
Since our inception, we have been known for our really low wages. It was something we wanted to do as we could do zero commissions. This will create positive user sentiment, which will bring us new users.
Binance.USAll new and existing customers of today as of US dollar (USD), Tether (USDT), USD Coin (USDC) and Binance USD (BUSD) against bitcoin will not pay any fees when trading.
Coinbase and RobinHood stocks fell,
After announcing that it will offer zero commission fees for Bitcoin Binance.US‘s competitors in the US market Coinbase and RobinHoodIts shares fell.
According to Investing data, after the news was announced, Coinbase shares 5%depreciating over $53.45 falling back to the level RobinHood if your shares 3.5%There was a decrease of .
At the time the news was written Coinbase shares $56.41from, RobinHood shares $7.55traded from.