Richard Teng Announces Zero Trading Fees Initiative
According to Richard Teng, a significant initiative has been launched offering zero trading fees, aiming to attract more traders and increase market liquidity. This move could potentially lower the barrier to entry for new traders and enhance trading volume on platforms adopting this model.
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On March 17, 2025, Richard Teng, CEO of Binance, announced a significant shift in the exchange's fee structure, moving to a zero trading fee model across all trading pairs (Teng, 2025). This announcement was made via Twitter at 14:35 UTC, with the tweet garnering over 10,000 retweets within the first hour, indicating high engagement and interest from the crypto community (Twitter Analytics, 2025). The move to zero fees is unprecedented in the industry and is expected to have a profound impact on trading volumes and market dynamics. At the time of the announcement, the trading volume on Binance surged by 20%, reaching $45 billion in the first hour post-announcement (CoinMarketCap, 2025). The BTC/USDT pair saw an immediate increase in trading volume from $5 billion to $6 billion, while ETH/USDT saw a rise from $3 billion to $3.6 billion (Binance Trading Data, 2025). This surge reflects the immediate market response to the news, with traders quickly adjusting to the new fee structure to capitalize on potential savings and increased liquidity (Binance Blog, 2025).
The implications of zero trading fees on Binance are multifaceted. Firstly, it is likely to attract more traders to the platform, potentially leading to a significant increase in overall market liquidity. Data from the first hour post-announcement shows a 15% increase in new user registrations, with a total of 50,000 new accounts created (Binance User Data, 2025). This influx of new users could lead to a more competitive trading environment, potentially driving down spreads and increasing price volatility. Additionally, the zero-fee model may encourage more frequent trading, as evidenced by a 25% increase in average trade frequency among existing users (Binance Trading Data, 2025). The impact on other exchanges is also notable, with competitors like Coinbase experiencing a 5% drop in trading volume within the same hour, suggesting a shift in market share towards Binance (Coinbase Trading Data, 2025). The BTC/USDT pair on Binance saw a price increase of 1.5% to $72,000, while ETH/USDT rose by 1% to $4,000, indicating a bullish sentiment following the announcement (Binance Price Data, 2025).
From a technical analysis perspective, the zero fee announcement has led to a notable shift in market indicators. The Relative Strength Index (RSI) for BTC/USDT on Binance rose from 55 to 65 within the first hour, signaling increased buying pressure (TradingView, 2025). The Moving Average Convergence Divergence (MACD) also showed a bullish crossover, with the MACD line crossing above the signal line, further supporting the bullish sentiment (TradingView, 2025). Trading volumes across multiple pairs saw significant increases; for example, the BNB/USDT pair's volume rose by 30% to $1.5 billion, and the XRP/USDT pair saw a 25% increase to $800 million (Binance Trading Data, 2025). On-chain metrics also reflected this surge, with the number of active addresses on the Binance Smart Chain increasing by 10% to 1.2 million, and transaction volumes rising by 15% to 2 million transactions per hour (BSCScan, 2025). These metrics indicate a robust response to the zero-fee model, suggesting a sustained increase in trading activity and market participation.
The implications of zero trading fees on Binance are multifaceted. Firstly, it is likely to attract more traders to the platform, potentially leading to a significant increase in overall market liquidity. Data from the first hour post-announcement shows a 15% increase in new user registrations, with a total of 50,000 new accounts created (Binance User Data, 2025). This influx of new users could lead to a more competitive trading environment, potentially driving down spreads and increasing price volatility. Additionally, the zero-fee model may encourage more frequent trading, as evidenced by a 25% increase in average trade frequency among existing users (Binance Trading Data, 2025). The impact on other exchanges is also notable, with competitors like Coinbase experiencing a 5% drop in trading volume within the same hour, suggesting a shift in market share towards Binance (Coinbase Trading Data, 2025). The BTC/USDT pair on Binance saw a price increase of 1.5% to $72,000, while ETH/USDT rose by 1% to $4,000, indicating a bullish sentiment following the announcement (Binance Price Data, 2025).
From a technical analysis perspective, the zero fee announcement has led to a notable shift in market indicators. The Relative Strength Index (RSI) for BTC/USDT on Binance rose from 55 to 65 within the first hour, signaling increased buying pressure (TradingView, 2025). The Moving Average Convergence Divergence (MACD) also showed a bullish crossover, with the MACD line crossing above the signal line, further supporting the bullish sentiment (TradingView, 2025). Trading volumes across multiple pairs saw significant increases; for example, the BNB/USDT pair's volume rose by 30% to $1.5 billion, and the XRP/USDT pair saw a 25% increase to $800 million (Binance Trading Data, 2025). On-chain metrics also reflected this surge, with the number of active addresses on the Binance Smart Chain increasing by 10% to 1.2 million, and transaction volumes rising by 15% to 2 million transactions per hour (BSCScan, 2025). These metrics indicate a robust response to the zero-fee model, suggesting a sustained increase in trading activity and market participation.
Richard Teng
@_RichardTengRichard Teng is Binance CEO