John Bollinger Interested in Trading on Binance.US After the Exchange Announced Zero-Fee Bitcoin (BTC) Trading

— John Bollinger (@bbands) June 24, 2022

Bollinger’s Contributions to Financial Assets Trading

Bollinger is the creator of the Bollinger Bands, a trading trend that offers insights into financial instruments’ prices and volatility.

He is considered a major contributor to the field of Technical Analyst (TA) and has been involved in the creation of useful trends to support the trading of financial instruments.

Binance.US Launches Zero-Fee Bitcoin Trading

Recall that earlier this week, Binance.US CEO Brian Shroder announced that the exchange had removed trading fees for Bitcoin spot market trades.

“We see this as an opportunity to revolutionize the way fees are approached in our industry, increase accessibility to crypto, and better support our market and customers in a time of need,” Shroder noted in a tweet.

3/ We hope our pricing model sees broader industry adoption over time, because that would have a positive impact on the ecosystem and market participants overall. We are happy to lead the race to zero-fees everywhere.
See you on @BinanceUS

— Brian Shroder (@BrianShroder) June 22, 2022

While Binance’s removal of trading fees for BTC pairs is commendable, the move has further piled pressure on U.S.-based exchanges, which have been negatively impacted by the recent crypto crash.

Coinbase and Gemini had already announced a massive layoff of their employees in a bid to cope with the massive price decline of cryptocurrency assets.

Binance Takes the Lead in the Crypto Market

Interestingly, Binance has been setting the pace in the cryptocurrency industry, showing investors that it is committed to coming through for them in turbulent times.

As reported while other exchanges announced massive layoffs, Binance Global CEO, Changpeng Zhao noted that the company will recruit 2,000 staff, who will continue to offer quality services to their clients.

CZ noted in a recent statement:

“With our position as one of the largest industry players with healthy cash reserves, we have a duty to protect users. We also have a responsibility to help industry players survive and hopefully thrive.”


Back to top button