We Are Moving 0 Fee BTC TRADING From BUSD TO TUSD
In response to recent events, we have moved 0 fee BTC trading from BUSD to TUSD. This decision was made in order to offer our users a more secure and reliable trading experience.
Binance USD (BUSD) is a stablecoin that is pegged to the US dollar and is backed by the US dollar deposited by Paxos, a regulated financial institution. However, given the recent events surrounding the subpoena filed against Bitfinex and Tether, we have decided to move away from BUSD for our 0-fee BTC trading and instead offer TrueUSD (TUSD) as an alternative.
TrueUSD is also a stablecoin pegged to the US dollar, but it is backed by a network of fiduciary partners who hold funds in escrow accounts that can be audited by third-party firms. This provides our users with an extra layer of security and transparency.
We recognize that this move may inconvenience some of our users, so we would like to assure them that we are committed to keeping fees low for all trading pairs.
We understand that trading fees can be a significant expense for traders, especially for those who trade frequently or in large volumes, so we will do everything we can to minimize these costs.
In addition to offering 0-fee trading for BTC/TUSD pairs, we will continue offering competitive fees for other trading pairs. Our fees are among the lowest in the industry, and we are constantly looking for ways to reduce costs for our users.
We believe this move is in the best interest of our users, and we appreciate their understanding and support. We are committed to providing a secure and reliable trading platform, and we will continue to work hard to maintain the trust of our users.
Benefits of Trading with TUSD
Trading Bitcoin with TUSD provides several benefits.
- Firstly, as a stablecoin, TUSD provides a reliable and predictable trading asset. This can be especially useful during times of market volatility.
- Secondly, TUSD is fully backed by US dollars, providing users with security and stability unmatched by other stablecoins.
- Finally, by providing 0-fee BTC trading with TUSD, we give users an affordable and accessible way to trade Bitcoin.
Reasons for the Change
The recent fluctuations in the cryptocurrency markets have made it clear that it is important to have a reliable stablecoin as a trading asset. TUSD is a stablecoin fully backed by US dollars and has been circulated for several years. It has a proven foundation and a solid track record.
Additionally, we have received feedback from our users that they would like additional trading options. Moving 0-fee BTC trading from BUSD to TUSD is part of our ongoing commitment to providing users with a diverse range of trading options.
We are committed to providing our users with the best possible trading experience, including offering a diverse range of trading options. Moving 0-fee BTC trading from BUSD to TUSD is a step in that direction, and we believe it will provide our users with a reliable and affordable way to trade Bitcoin.