On Thursday, April 4, users of the Binance cryptocurrency exchange from Ukraine complained about the inability to make P2P agreements on the local market. This is reported by ForkLog.
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When creating an order to sell USDT in hryvnia, the system automatically canceled it. The problem persisted for several hours.
The Binance technical team soon reported that the issue had been resolved. It arose due to the introduction of a fixed commission for takers.
Taker commissions
Previously, the crypto exchange stated that from March 19, 2024, it will begin to gradually apply a fixed taker commission (fee for the purchase/sale of an exposed orders) in the amount of 0.05 USDT to trading pairs with USDT on selected fiat markets in the P2P zone. Among others, this will affect the USDT/UAH pair.
The implementation of the taker commission will be completed before the end of June 2024.
Maker commission rates (fee for placement of a limit order) in the P2P zone remain unchanged.