Wall Street

Coinbase Stock Tumbles, Robinhood Slumps As BinanceUS Eliminates Bitcoin Trading Fee

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By Martin Baccardax “We see this as an opportunity to revolutionize the way fees are approached in our industry,” BinanceUS said of its new trading fees. U.S. online trading firms specializing in crypto were hit hard Wednesday after BinanceUS, an arm of the word’s biggest digital currency exchange, eliminated its bitcion spot trading fees. BinanceUS will now allow its users to trade bitcoin, the biggest cryptocurrency, against assets such as the U.S. dollar, tether, and other dollar-backed stablecoins for free, eliminating its prior levy of 0.1% on transaction valued at less than $50,00. The m…

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