Main Takeaways

• Binance offers zero-fee trading for a variety of popular BTC trading pairs.
• Binance’s BTC/USDT pairing has increased its market depth by approximately 50% since the start of this promotion, and now has better liquidity.
• Trading fees don’t come as a cost of using an exchange. Users must also be aware that liquidity problems on order books can lead to hidden charges.

We have now completed over two months of zero fee trading. It’s time for a quick overview on the facts and figures as well as the benefits. We’ll be taking a quick look at liquidity, and then we’ll dive into some basic stats to give you an overview of the promotion thus far.

BTC traders can enjoy zero taker and maker fees for a variety of spot trading pairs to celebrate five years of Binance. We’ve already discussed the benefits of liquidity and the reasons for the removal of fees. We felt now was a good time to bring you the most recent information on market liquidity and depth.

Continuous Improvement in Market Depth

Our last article on liquidity highlighted a significant improvement in market depth for trading BTC. Let’s recap briefly what market depth is, and what the measure we use to evaluate it.

The market depth measure measures volume of asks, and bids at price levels within a 2% range on both sides. The measure is higher when there is more volume in the order book to match orders at the mid-price level. This increases liquidity. Binance users are able to execute larger market orders, with less volatility and price spikes.

Now, let’s take a look at BTC/USDT. This pair accounts for 70% of all trading volume among the 13 pairs at the time. There has been a 53%* improvement since the campaign began. This can result in faster orders being filled and lower price slippage for anyone who trades BTC to USDT or vice versa.

*Based on publicly available data, compare the daily average between 10 June and 7 July (4 weeks before the effective date) and 9 July to 9 Sep (10 weeks after).

Why Does Market Depth Matter?

When using an exchange, trading fees are not the only cost you should consider. Poor liquidity on order books can lead to hidden costs. We have already covered how Binance has some of the most competitive prices in the market. Its market depth, low slippage rates and narrow bid-ask spreads give it the best possible pricing.

When liquidity is better, you are more likely to get what you want. Users can trade with the best efficiency possible when they combine this with a zero fee structure.

BTC Zero-Fee Trading Keeps Striving Forward

This is not a one-off event. Users continue to reap the benefits of this campaign, including liquidity, depth and spreads. Log in to Binance to see the difference zero fees makes to BTC trading.

Refer to the following articles for more information about our fees and liquidity:

• (Support) Binance Launches Zero-Fee Bitcoin Trading
• (Blog). Binance is the home of BTC trading .
• (Blog). No BTC Trading Fees. They Do What they Say on the Tin
• (Academy). Slippage and Bid-Ask Spread
• Binance Academy
• (Support Understanding order book and Market Depth

Warning! Digital assets are subject to volatility and high market risk. Your investment’s value can fluctuate and you may not receive the amount that you invested. Binance cannot be held responsible for any loss you may suffer. You are solely responsible. Past performance does not necessarily predict future results. Only invest in products that you are familiar with, and where you fully understand the risks. Before making any investment, you should consider your financial situation, investment goals, risk tolerance, and investment experience. This material is not intended to be considered financial advice. See our Terms of Use and Risk Warning for more information.