On Aug. 24, Cryptocurrency exchange Binance announced its intention to modify its zero-fee Bitcoin (BTC) trading program starting Sept. 7. The action has the potential to initiate a significant market downturn, reminiscent of the 90% trading volume decline observed following Binance’s discontinuation of zero-fee trading in March.
In an official statement, Binance said it intends to modify zero-fee Bitcoin trading for the BTC/TUSD spot and margin trading pair.