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Binance.US, following in the footsteps of Robinhood, which launched no-commission cryptocurrency trading in 2018, has eliminated trading costs for Bitcoin spot market deals.

According to Brian Shroder , CEO of Binance.US, the decision makes it the first cryptocurrency exchange in the United States to do away with spot trading fees for Bitcoin for all users, regardless of trading volume.

Previously, the exchange assessed a 0.1% spot trading fee for trade volumes of less than $50,000 in Bitcoin.

According to its website, it charges users lower fees the more they trade.

According to Brian Shroder, “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.” Binance.US would not be making a spread from its no-fee transactions, according to Shroder.

According to data provider CoinGecko, one of the biggest cryptocurrency exchanges by trading volume is Binance.US.