Binance Alpha Slashes Limit Order Fees to 0.01% – Coincu
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Key Points: Binance Alpha reduces limit order fees to 0.01% for select tokens. Fee cut aims to encourage increased trading activity. Promotion currently ongoing with no set end date announced. Binance Alpha has announced a reduction in limit order trading fees to 0.01% for selected tokens, as reported by ChainCatcher. The promotion began in March 2025 and is currently active, with the end date yet to be specified. This move is designed to stimulate trading activity and liquidity on Binance Alpha’s platform. By lowering transaction costs, the exchange aims to attract more strategic trading among its users. As Binance noted in their official announcement, “We have reduced trading fees for limit orders from 0.15% to just 0.01% on selected tokens, representing a significant 93% reduction.” Binance Alpha Cuts Trading Fees to 0.01% for Select Tokens Binance Alpha’s reduction in trading fees applies to the tokens MERL, XTER, BANK, AGT, REX, PUFFER, and FHE. The fee reduction, down from 0.15%, is in line with Binance’s strategy to increase user engagement and trading volume. With the fee slash, Binance Alpha seeks to improve the trading environment and boost liquidity for these specific tokens. This adjustment is meant to make trading more economical and efficient, potentially leading to an uptick in market activities. While no official statements have been released by Binance executives regarding this change, industry analysts anticipate an increase in trading activity as users take advantage of lower fees. Community feedback has generally been positive, heralding the lower costs as a strategic move. Potential Market Impact and Token Performance Did you know? Historically, fee reductions like these have been employed by other exchanges to quickly boost market activity for newer tokens, thus increasing liquidity and visibility in a competitive market. Merlin Chain (MERL) is currently priced at $0.12 with a market…
Filed under: News - @ May 24, 2025 10:27 am