Binance Moves $1.26 Billion In Bitcoin, Pays $124.6 In Fees
Binance has just moved a staggering $1.26 billion worth of Bitcoin (BTC) – and paid just $124.60 in network fees to do so. The news has been making the headlines and is good evidence for the case that decentralized networks can greatly reduce money transfer costs.
Although sometimes transactions costs can amount to absurd figures for even the most minute transfer amounts, it is not usually the case. Over time, the cost for transactions has slowly been decreasing, showcasing the development that is going into making Bitcoin and other tokens a viable means for global transfers.