Binance Curb on Zero-Fee Trading May Cost Market Share, Boost TrueUSD Stablecoin: Kaiko Research Head

Binance stole considerable market share from competitors by launching zero charge trading for some BTC pairings globally.

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The stablecoin is managed by Archblock, formerly known as TrustToken, and its intellectual property was acquired by a little-known Asian investment conglomerate Techteryx.

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However, the asset pair’s $50 million spot trading volume in the past 24 hours is dwarfed by the dominant stablecoin USDT’s $6 billion and BUSD’s $1 billion volume, he added.

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Earlier this month, when many U.S. banks with connections to cryptocurrency companies were forced to shutter due to a run on deposits, the stablecoin market saw volatility.

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Binance Curb on Zero-Fee Trading May Cost Market Share, Boost TrueUSD Stablecoin: Kaiko Research Head

Binance stole considerable market share from competitors by launching zero charge trading for some BTC pairings globally.

The stablecoin is managed by Archblock, formerly known as TrustToken, and its intellectual property was acquired by a little-known Asian investment conglomerate Techteryx.

However, the asset pair’s $50 million spot trading volume in the past 24 hours is dwarfed by the dominant stablecoin USDT’s $6 billion and BUSD’s $1 billion volume, he added.

Earlier this month, when many U.S. banks with connections to cryptocurrency companies were forced to shutter due to a run on deposits, the stablecoin market saw volatility.

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