Binance is introducing zero fees for Ethereum.
Today, the world’s top exchange announced that it is launching zero trading fees for ETH/BUSD pairs.
“Introducing zero fees for ETH/BUSD trading.”
#Binance is committed to providing easy access to crypto.
Introducing zero fees for $ETH / #BUSD trading just before the upcoming #Ethereum Merge is another step towards that.
Learn more ⤵️https://t.co/nKSXXzOGwo
— Binance (@binance) September 3, 2022
Binance further writes:
“Ethereum’s upcoming Merge, taking the network from Proof of Work to Proof of Stake, has raised the network’s profile recently. So, no matter if you want to enter or exit an ETH/BUSD position, you’ll be able to do so without incurring fees.”
Recently as reported by The Crypto Basic, Ethereum founder Vitalik Buterin reminded node operators to upgrade their clients now, noting that while The Merge is scheduled to go live from September 10 to September 20, clients have to be upgraded for the September 6 upgrade on the Beacon chain.
“Reminder: even though the merge is coming around Sep 10-20, the beacon chain hard fork is on Sep 6. Make sure to update your clients before then!” Buterin wrote.
Last Wednesday, The Crypto Basic reported that the Ethereum team had disclosed that The Merge would happen in two phases. The first phase is the Bellatrix upgrade to be carried out at epoch 144896 on Ethereum’s proof-of-stake (PoS) Beacon chain. The second is the Paris Upgrade which will trigger The Merge after a Terminal Total Difficulty level of 58750000000000000000000 has been achieved.
The Merge is an Ethereum upgrade that will see the network migrate from the proof-of-work (PoW) consensus mechanism to proof-of-stake (PoS). The move will drastically reduce the network’s carbon footprint while also altering its supply and demand dynamics, making it deflationary.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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