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Binance.US Targets 20% Market Share As It Rebuilds After Regulatory Setbacks

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Binance.US Targets 20% Market Share As It Rebuilds After Regulatory Setbacks
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Binance.US is working hard to win back a big share of the U.S. crypto market after nearly two years of regulatory challenges. The exchange wants to reclaim 20% of the country’s crypto trading volume, a level it had before regulatory issues hurt its business. Led by CEO Stephen Gregory, Binance.US is focusing on lower trading fees, new products and better customer engagement to compete with Coinbase and Kraken. The company says it is starting a new growth phase as regulations have become more favourable.

Gregory said, during the past two years the exchange has faced slow down because of legal and regulatory problems affecting the whole Binance group. Now with the challenges easing, the company is working to rebuild trading activity and regain user trust.

One of the main strategies is aggressive pricing. In April, Binance.US introduced zero maker fees and cut taker fees to 0.02% or less on over 250 spot trading pairs. Some pairs now have taker fees as low as 0.01%, making the platform one of the cheapest crypto exchanges in the U.S.

Gregory said the company has also contacted many of its biggest former customers to find out what would bring them back. The exchange hopes that lower costs, more liquidity and a wider range of services will attract both retail and institutional traders.

Currently, Binance.US offers spot trading, crypto conversion, over-the-counter trading and staking services.

 

 

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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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