TechFlow news, on June 23, according to CNBC, Binance.US has announced it will allow users to conduct spot Bitcoin trading in USD, USDT, USDC, and BUSD without paying spot trading fees. Following this announcement, its biggest competitor Coinbase saw a sharp drop in stock price, closing down 9.7% on Wednesday this week. CNBC analysis suggests that since trading fees constitute Coinbase's primary revenue source, the growing trend of zero-commission trading services—pioneered by platforms such as Robinhood and FTX US—is putting increasing pressure on Coinbase.
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