Cryptocurrency exchange Binance processes 80% of all bitcoin transactions

According to Arcane Research, the cryptocurrency exchange Binance processed 80% of all bitcoin transactions last week. As it has become known, the trading volume of the BTC is approaching the annual maximum, and most of the transactions are made on Binance daily. Thus, over the past 7 days, the daily trading volume of bitcoin hovered around $ 7 billion, of which 80% were processed on Binance. Analysts attributed the increase in trading activity to the abolition of commissions on the cryptocurrency exchange. Thus, on July 6, Binance representatives announced the abolition of fees for bitcoin trading with 13 currency pairs, including the hryvnia, euro, US dollar, Australian dollar, Brazilian real, British pound, and ruble. There will be no commission for trading with stablecoins: BUSD, USDT, USDC, TUSD, USDP, BIDR. This innovation was introduced in honor of the exchange’s 5th anniversary.