Crypto Exchange Binance Lists First Digital’s FDUSD Stablecoin with Zero Fees
Binance, the world’s largest crypto exchange, recently listed First Digital’s FDUSD stablecoin. Starting tomorrow, Binance will offer zero trading fees for bitcoin (BTC) and ether (ETH) trades with FDUSD. The move is part of Binance’s campaign to diversify trading volumes between stablecoin pairs, following regulatory restrictions on Binance USD (BUSD).
Key Points:
- Binance will waive all trading fees for BTC/FDUSD and offer 0% maker fees for ETH/FDUSD until further notice.
- The listing aims to address the decrease in trading volumes caused by the regulatory actions on BUSD.
- Prior to listing FDUSD, Binance promoted trading with TrueUSD (TUSD) by waiving fees, resulting in increased trading volume and market capitalization.
- FDUSD can be converted to other stablecoins like USDT and TUSD with zero trading fees.
- FDUSD is issued by a registered trust owned by First Digital, complying with Hong Kong’s digital asset rules.
This listing demonstrates Binance’s commitment to providing its users with a wide range of stablecoin options and maintaining a secure and compliant trading environment. By offering zero fees for FDUSD trading pairs, Binance aims to encourage more traders to utilize this stablecoin, further enhancing its liquidity and adoption in the crypto market.
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