Binance BTC-USDT Liquidity Falls 70% after Revoking Zero-fee Trading
- Binance BTC liquidity for BUSD and USDT dropped by almost 70%.
- Conversely, the BTC-TUSD trading pair saw a 250% hike within 24 hours.
- Traders bought and sold over $18.5 billion of crypto Binance in the past 24 hours.
Data from Kaiko, a market intelligence firm, shows that the liquidity for BTC-USDT and BTC-BUSD trading pairs on the most prominent crypto marketplace, Binance, has dropped significantly by almost 70% and 60%, respectively.
On the flip side, the BTC-TUSD trading pair has seen an impressive increase of over 250% in liquidity, going from just 9 Bitcoin to 29 BTC within a 24-hour window. A researcher at the data analytic firm noted that the considerable drop in liquidity was due to Binance’s recent decision to remove its flagship no-fee trading feature for all BTC pairs except BTC/TUSD.
It’s worth noting that the Bitcoin pair zero fees implementation, which Binance launc…
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