The declines come after the exchange halted its no-fee trading promotion for the 13 bitcoin spot trading pairs, including BTC-USDT, on March 22. Binance called the promotion temporary. In an email to CoinDesk last week, Clara Medalie, research director at Kaiko, wrote that without zero-fee, she expected “a short-term drop in market share.”
Binance’s Bitcoin Trading Volume Hits Lowest Level in 8 Months Following Termination of Zero-Fee Trading
