Starting from December 8, 2023, Binance is introducing zero-fee trading for six pairs: BNB/FDUSD, DOGE/FDUSD, ETH/FDUSD, LINK/FDUSD, SOL/FDUSD, and XRP/FDUSD, available for both spot and margin trading.
Additionally, Binance is removing one-hour interest fees for various pairs, including BTC, DOGE, ETH, GALA, GMT, LINK, MATIC, ORDI, SEI, SOL, TIA, and XRP.
Binance Takes Bold Move: Zero Trading Fees on Six FDUSD Pairs
In a significant move, Binance, a prominent global cryptocurrency exchange, has decided to eliminate trading fees entirely on six highly sought-after FDUSD pairs. Despite recent challenges, including the departure of CEO Changpeng “CZ” Zhao and substantial penalties, Binance remains resilient in the face of regulatory uncertainties, maintaining its position as a leading crypto service provider.
As of now, the native token of the exchange, BNB, is valued at $229.36, with a 24-hour trading volume reaching $2,095,642,605.29. While showing a 1.04% decrease in the last 24 hours, it reflects a 1.44% increase over the past seven days.
Binance Initiates Zero-Fee Trading for Six FDUSD Pairs Amid Crypto Market Surge
In response to the latest boom in the crypto market, Binance, the world’s largest cryptocurrency exchange, has announced the commencement of zero-fee trading for six FDUSD spot and margin pairs. The pairs involved in this bold move include Ethereum (ETH), XRP, BNB, Solana (SOL), Dogecoin (DOGE), and Chainlink (LINK).
Starting from December 8 at 00:00 UTC, users will not incur any maker or taker fees for these pairs, with the validity period extending until further notice. It’s important to note that BNB fee discounts, rebates, charge adjustments, and fee promotions will not apply to these spot and margin trading pairs during this period.
Additionally, the trading volume associated with these pairs will be excluded from VIP tier volume calculations and all Liquidity Provider programs throughout the promotion period.
Binance Unleashes a Series of Crypto Moves Amidst Market Dynamics
In a strategic move, Binance has not only initiated zero-fee trading for six FDUSD pairs but has also waived one-hour interest fees for select cryptocurrencies, including BTC, DOGE, ETH, GALA, GMT, LINK, MATIC, ORDI, SEI, SOL, TIA, and XRP. This exemption from one-hour interest costs for users borrowing these currencies on Binance margin will be effective until December 18, 2009, at 9:00 a.m. UTC.
The decision to offer FDUSD trading at no cost comes following the stablecoin’s introduction, coinciding with the phasing out of BUSD support. Simultaneously, Binance is gradually delisting BUSD pairs.
With ETH, BNB, XRP, DOGE, SOL, and LINK already near substantial resistance levels, the zero-fee trading initiative is anticipated to trigger a notable upsurge in their market activities.
As of the latest market data, XRP is trading at $0.612844, experiencing a 24-hour price decrease of -3.30% and a 1.75% increase over the past week. BNB, with a current value of $229.98, has seen a -1.00% decrease in the last 24 hours and a 1.83% increase over the past week. Ethereum (ETH) is valued at $2,206.68, displaying a 24-hour price decrease of -1.75% and a 9.56% increase over the past seven days.
Solana (SOL) is trading at $59.88, registering a 24-hour price decrease of -6.18% and a 7-day increase of 8.59%. Dogecoin (DOGE) sits at $0.088528, showing a -1.85% price decrease in the last 24 hours and a surge of 14.49% over the past seven days. Lastly, Chainlink (LINK) is priced at $15.34, reflecting a 24-hour price decrease of -4.68% and a 9.67% increase over the past week.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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