Binance has announced a promotional period during which it will waive all trading fees for swaps conducted through Binance Wallet. This initiative, detailed on the company's website on March 17, 2025, will run from March 17 to September 17, 2025.
According to Binance's official announcement, the zero-fee trading promotion is limited to swaps made via the integrated Swap and Bridge features or Quick Buy in Binance Alpha within Binance Wallet. The company states that this effort aims to enhance user experience by reducing transaction costs and encouraging more active participation in its ecosystem.
As reported by Reuters, Abu Dhabi's MGX, a $330 billion investment vehicle backed by Mubadala, has acquired a $2 billion minority stake in Binance. This move marks a shift from MGX's original focus on AI infrastructure and aligns with the United Arab Emirates' ambition to become a crypto hub. The UAE has also introduced AE Coin, a stablecoin backed by the UAE dirham. This investment highlights the growing institutional interest in cryptocurrency platforms like Binance.
According to Binance's official website, the company was founded in 2017 by Changpeng Zhao, known as "CZ," who is a Chinese-Canadian entrepreneur with experience in high-frequency trading systems and blockchain technology. Since its inception, Binance has become one of the largest and most influential cryptocurrency exchanges globally. It offers a wide range of services including spot and futures trading, staking, and decentralized finance (DeFi) solutions for its diverse global user base.