Binance Commission Free Trading
$COIN should face more market share pressure from Binance. Today, Binance announced they will be offering commission-free trading soon.

Jonathan Garcia's avatar
The crypto space is evolving! image

Jeff Sanders's avatar
How will they make money if they remove commissions?
Young Money Capital's avatar
@darthtrader spreads and routing trades like $HOOD would be my guess.
Jensen Butler's avatar
'Commission free' just tells me you'll get a worse order fill. No such thing as free lunches!
Lester Leong's avatar
Yeah, I actually prefer Binance over $COIN for their decent limit orders or just do a trade on a DEX.
Paul Cerro's avatar
Such a stupid idea. It was bound to happen but I think he's getting rid of it to entice more trading volume
Young Money Capital's avatar
@paulcerro should hurt entire industry
Joey Hirendernath's avatar
I am also seeing some brokerages that primarily support equities offer crypto support (no commissions) too.
Fat Baby Funds's avatar
I’m not convinced this will hurt $COIN much. $COIN is the trusted and easy to use brand.
Young Money Capital's avatar
@fatbaby binance has a higher market share
Fat Baby Funds's avatar
@youngmoneycapital they dominate outside of US but FTX and $COIN have much larger in US
Dissecting the Markets's avatar
$HOOD already offered commission-free crypto trading first
Rihard Jarc's avatar
I think Binance had to do it, since people started rotating to safer more regulated brokers such as $COIN, because of so many problems with other brokers...