Binance.US announced on July 22 that it is reducing spot trading fees to 0% for makers and 0.02% for takers across all trading pairs. The new pricing applies to every user regardless of trading volume, account size, or subscription status. Previously, zero-fee access was limited to a handful of Bitcoin pairs; now the tiered structure is fully replaced.
Fee Comparison: Up to 98% Cheaper Than Rivals
The exchange claims the new structure can cut trading costs by up to 98% for some users compared with competing platforms. Coinbase publicly lists spot fees for low-volume traders at roughly 0.40% to 0.60%. Kraken uses volume-based tiers with entry-level maker fees at 0.25% and taker fees at 0.40%. Last week, Charles Schwab said it would launch spot crypto trading for retail clients, charging 75 basis points (0.75%) per Bitcoin and Ether trade. Binance.US's new pricing dwarfs all of them.
New CEO and Audit Backdrop
The fee cut follows the appointment of Stephen Gregory as chief executive of Binance.US. The company said the pricing change is underpinned by its trading infrastructure and recent internal controls work, noting that it completed a SOC 2 Type II audit covering systems and controls before rolling out the new model.
Regulatory Shadows Loom Over Binance Group
Binance.US has repeatedly said it operates as a separate legal entity from Binance. Still, the parent company's legal troubles in the United States remain a key context. In 2023, Binance reached a $4.3 billion settlement with US authorities over anti-money laundering and sanctions violations; former CEO Changpeng Zhao pleaded guilty to a felony charge. In 2026, lawmakers asked federal agencies to review whether Binance is meeting its obligations under a court-ordered monitoring program. Binance denied allegations tied to Iran-linked transactions and called the reports false and unsupported by evidence.
Competitive Landscape Heats Up
The aggressive fee structure signals Binance.US's push to capture spot market share as more firms enter or expand in the US crypto sector. Lower fees and simpler pricing appeal to cost-conscious retail traders who frequently trade. However, the exchange must balance its aggressive pricing with the need to reassure both users and regulators about its operational standards amid ongoing Washington scrutiny of the broader Binance brand.