Binance to eliminate trading fees on slew of bitcoin spot trading pairs

Coinciding with its five-year anniversary in July, Binance, the world's largest cryptocurrency exchange by trading volume, said Wednesday that it will eliminate trading fees on a raft of bitcoin (BTC-USD) spot trading pairs starting on July 8.The move followed its American arm Binance U.S.'s move towards the end of June to offer zero trading fees on bitcoin (BTC-USD) to offer "greater savings on bitcoin to everyone in the crypto ecosystem."In a growing effort to attract and retain users on the global exchange's platform, they won't have to pay trading fees on 13 stablecoin and fiat combinations including BTC/USDT, BTC/BUSD and BTC/USDC, Binance said.Looking at intraday price action in the cryptosphere, bitcoin is rising 3.3% to $20.3K as of shortly before 1:30 p.m. ET, but still down 35% M/M and -57% YTD.In mid-June, Binance said it's exploring hiring 2K staff.