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The founder of Bollinger Bands says he is interested in trading on Binance.US following the exchange’s zero-fees for BTC trading.
John Bollinger, an American author and financial analyst, said Binance.US is planning to disrupt cryptocurrency trading following the crypto exchange’s implementation of zero-fees on BTC trading pairs.
According to a tweet made by the veteran financial analyst, the United States arm of the world’s largest cryptocurrency exchange is also planning to expand the offering to other tokens in the near future.
Following Binance.US’ support for zero-fee trading, Bollinger noted that the move is interesting and he is tempted to explore the feature.
“Looks like #Binance
wants to disrupt crypto trading by offering no fee trading on $BTCUSD with more tokens to follow. This should be interesting. I think I will try it out,” Bollinger said.
Looks like #Binance wants to disrupt crypto trading by offering no fee trading on $BTCUSD with more tokens to follow. This should be interesting. Think I will try it out.
— John Bollinger (@bbands) June 24, 2022
Bollinger’s Contributions to Financial Assets Trading
Bollinger is the creator of the Bollinger Bands, a trading trend that offers insights into financial instruments’ prices and volatility.
He is considered a major contributor to the field of Technical Analyst (TA) and has been involved in the creation of useful trends to support the trading of financial instruments.
Binance.US Launches Zero-Fee Bitcoin Trading
Recall that earlier this week, Binance.US CEO Brian Shroder announced that the exchange had removed trading fees for Bitcoin spot market trades.
“We see this as an opportunity to revolutionize the way fees are approached in our industry, increase accessibility to crypto, and better support our market and customers in a time of need,” Shroder noted in a tweet.
3/ We hope our pricing model sees broader industry adoption over time, because that would have a positive impact on the ecosystem and market participants overall. We are happy to lead the race to zero-fees everywhere.
See you on @BinanceUS— Brian Shroder (@BrianShroder) June 22, 2022
While Binance’s removal of trading fees for BTC pairs is commendable, the move has further piled pressure on U.S.-based exchanges, which have been negatively impacted by the recent crypto crash.
Coinbase and Gemini had already announced a massive layoff of their employees in a bid to cope with the massive price decline of cryptocurrency assets.
Binance Takes the Lead in the Crypto Market
Interestingly, Binance has been setting the pace in the cryptocurrency industry, showing investors that it is committed to coming through for them in turbulent times.
As reported while other exchanges announced massive layoffs, Binance Global CEO, Changpeng Zhao noted that the company will recruit 2,000 staff, who will continue to offer quality services to their clients.
CZ noted in a recent statement:
“With our position as one of the largest industry players with healthy cash reserves, we have a duty to protect users. We also have a responsibility to help industry players survive and hopefully thrive.”