Binance Introduces New Trading Pairs
Binance, the world’s largest cryptocurrency exchange, has announced the addition of six new spot trading pairs. These include ATOM/FDUSD, AVAX/FDUSD, BAND/TRY, BCH/FDUSD, LOOM/TRY, and MATIC/FDUSD. Alongside this, Binance will also enable Spot Grid and Spot DCA Trading Bots services for the NTRN/USDT and PENDLE/USDT trading pairs.
FDUSD trading pairs will have zero maker fees until further notice. FDUSD is a stablecoin issued by First Digital Limited in Hong Kong and is pegged 1:1 with the US dollar. Binance recently added the XRP/FDUSD pair to its platform.
Binance Removes BUSD Trading Pairs
In addition to adding new trading pairs, Binance has removed several BUSD trading pairs from its platform. The exchange cited reasons such as low liquidity for the removal of these pairs. Binance will stop supporting BUSD by early 2024 and advises users to shift their holdings before February of that year.
Hot Take: Binance Expands Its Offering While Streamlining BUSD Support
Binance continues to enhance its trading services by introducing new spot trading pairs and enabling trading bots for certain pairs. The addition of FDUSD trading pairs with zero maker fees provides users with more options for trading stablecoins. However, as part of its efforts to maintain a high-quality trading market, Binance has removed several BUSD trading pairs due to factors like poor liquidity. This move aligns with the exchange’s plan to discontinue support for BUSD by early 2024. Overall, these developments demonstrate Binance’s commitment to improving user experience while streamlining its offerings.
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