Binance Introduces Zero-Fee Trading for FDUSD Pairs
Binance, the world’s largest crypto exchange, has announced that it will launch zero-fee trading for six FDUSD spot and margin pairs. This means that users will not have to pay any maker or taker fees for trading these pairs. The zero-fee trading will be effective from December 8 at 00:00 UTC.
The pairs included in this promotion are BNB/FDUSD, DOGE/FDUSD, ETH/FDUSD, LINK/FDUSD, SOL/FDUSD, and XRP/FDUSD.
During the promotion period, the trading volume of these pairs will not be included in the VIP tier volume calculation and liquidity provider programs. Additionally, these pairs are excluded from BNB fee discounts, fee rebates, or any fee adjustments or promotions.
Binance Offers One-Hour Interest Fee Waiver
In addition to zero-fee trading, Binance has also introduced a one-hour interest fee waiver for selected cryptocurrencies on its margin trading platform. Users who borrow BTC, DOGE, ETH, GALA, GMT, LINK, MATIC, ORDI, SEI, SOL, TIA, or XRP on Binance margin will automatically receive the interest fee waiver for one hour. This promotion is valid until December 18 at 09:00 UTC.
Expect a Rally in ETH, BNB, XRP, DOGE, SOL, and LINK
The introduction of zero-fee trading for FDUSD pairs is expected to bring about a massive rally in ETH, BNB, XRP, DOGE, SOL, and LINK. These cryptocurrencies are already approaching key resistance levels and have shown significant growth recently.
XRP is currently trading at $0.62, experiencing a 1% decrease in the past 24 hours due to profit booking. However, its trading volume has increased by 60% during this period, indicating growing interest from traders.
SOL and LINK have also seen profit booking after experiencing double-digit growth this week. ETH, DOGE, and BNB are currently moving sideways after consolidating some gains.
Hot Take: Binance’s Zero-Fee Trading Sparks Excitement Among Crypto Traders
Binance’s announcement of zero-fee trading for FDUSD pairs has generated excitement among crypto traders. This move is expected to attract more users to the platform and drive up trading volumes for the selected cryptocurrencies. With the rally potential for ETH, BNB, XRP, DOGE, SOL, and LINK, traders will be closely watching the market to take advantage of potential price surges. Binance continues to innovate and introduce new features to cater to the needs of its users, solidifying its position as a leading crypto exchange in the industry.
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