Binance’s Drop in Bitcoin Trading Likely Tied to Zero-Fee Halt

This month’s steep decline in Bitcoin trading volume on Binance is likely tied in part to the end of another zero-fee promotion by the world’s largest cryptocurrency exchange.

The seven-day average volume has dropped by 26% since the start of September, according to researcher CCData. On Sept. 7, the exchange halted an incentive that allowed customers to trade between Bitcoin and the TrueUSD stablecoin without a fee. The seven-day average volume for that so-called trading pair has dropped 89% since the inducement expired.

This is not the first time when the end of a promotion has led to volume and ...