Binance Free BTC Trading Triggers Requests to Exclude the Exchange From Volume Calculations
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Binance announced a few days ago that they eliminated trading fees for some Bitcoin trading pairs. This was something that the whole crypto community celebrated as it allowed investors to get access to Bitcoin without paying trading fees. To be precise, there were 13 spot trading pairs that were affected: BTC/AUD, BTC/BIDR, BTC/BRL, BTC/BUSD, BTC/EUR, BTC/GBP, BTC/RUB, BTC/TRY, BTC/TUSD, BTC/UAH, BTC/USDC, BTC/USDP and BTC/USDT.
This is now increasing the requests from analysts to exclude Binance (or at least these trading pairs) from volume calculators. But what’s the reason behind the request? That there is washing trading taking place, which has an impact on the information that traders get about real trading volumes.
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