Binance Unveils Zero-Fee Trading Program for Bitcoin and Ethereum
Binance, the leading cryptocurrency exchange, has launched a strategic initiative to increase trading volume and liquidity on its platform. The new program offers zero-fee trading for Bitcoin and Ethereum, along with the recently listed FDUSD stablecoin spot and margin pairs. Here are the key points:
– Binance introduces zero-fee trading program for Bitcoin and Ethereum.
– The program includes FDUSD stablecoin spot and margin pairs.
– FDUSD has been added to Binance’s list of trading pairs.
– Zero-fee Bitcoin trading program goes live on August 4.
– ETH/FDUSD spot trading will have zero maker fees.
Analyzing the market impact:
– Binance’s market share dropped by over 90% after discontinuing the previous zero-fee trading program.
– The fee structure changes affected trader preferences and participation on the platform.
All Hail the First Digital USD (FDUSD):
– FDUSD is a stablecoin backed by Hong Kong-based First Digital.
– FDUSD’s market cap is relatively low compared to other stablecoins.
– Its influence on the crypto market may increase if Binance mints new FDUSD tokens.
Binance Stands Strong:
– BTC/TUSD and BTC/USDT trading pairs lead the trading volume on Binance.
– Binance remains the top platform for Bitcoin trading.
In conclusion, Binance’s zero-fee trading program for Bitcoin and Ethereum, along with the introduction of FDUSD, demonstrates its commitment to growth and a seamless trading experience.
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