CZ Responds to High Fiat Withdrawal Fees on Binance: The More Users a Product Has, the Lower the Fees

Odaily News CZ posted on the X platform in response to high fiat withdrawal fees on Binance, stating: "New product, more usage leads to better liquidity depth. Although I understand these fees are from the bank side, the more users a product has, the lower the fees will be." According to feedback from some community users, the fixed fee they selected was $25, with a one-day arrival time, suitable for large withdrawals. The larger the withdrawal amount, the lower the relative fee loss. Subsequently, some users also reported that the fees appear to have been lowered.