"Binance looks to bolster lead position in crypto market with free trading"

World’s biggest digital asset exchange gives up fee income to bring users on to its platform.

Crypto exchange Binance is ramping up efforts to grab market share by expanding its free trading to include popular token ether, ahead of one of the most anticipated events in the crypto market’s short history.

“Temporarily giving up on fees on their main trading pairs can be seen as a concession towards attracting more flow in the current low trading volume environment, which [Binance] will benefit from indirectly through increased traffic in other trading pairs and other product lines and offerings,” said Peter Habermacher, chief executive and co-founder of crypto-focused investment firm Aaro Capital.

Read the full article at: https://www.ft.com/content/701f9c08-ebe4-4b14-b241-d71d81c3270d (Please note the paywall)

 

 

 

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