On Tuesday, Binance, the largest crypto exchange globally, announced the introduction of zero-fee trading for six FDUSD spot and margin pairs in response to the current surge in the cryptocurrency market. Initially, the exchange will implement zero-fee trading for Ethereum (ETH), XRP, BNB, Solana (SOL), Dogecoin (DOGE), and Chainlink (LINK).
In an official statement on Dec 5, Binance disclosed its intention to implement zero-fee trading for six FDUSD spot and margin pairs. Starting Dec 8 at 00:00 UTC, users will benefit from zero maker and taker fees for the specified pairs. The key pairs to be introduced include BNB/FDUSD, DOGE/FDUSD, ETH/FDUSD, LINK/FDUSD, SOL/FDUSD, and XRP/FDUSD.
The announcement states that VIP tier volume calculations and Liquidity Provider programs will not factor in the trading volume on the specified spot and margin trading pairs during the promotional period, where applicable. Additionally, these specific spot and margin trading pairs will not qualify for BNB fee discounts, fee rebates, or any fee adjustments or promotions.
Nevertheless, Binance has exempted 1 hour of interest fees from BTC, DOGE, ETH, GALA, GMT, LINK, MATIC, ORDI, SEI, SOL, TIA, and XRP pairs. Users engaged in margin trading with these assets on Binance will automatically receive the interest fee waiver, valid until Dec 18 at 09:00 UTC.
Binance Shift: From BUSD Delisting To FDUSD’s Zero-Fee Trading Rally
Following the recent addition of FDUSD and the discontinuation of BUSD support, Binance is gradually delisting BUSD pairs. Zero-fee trading for FDUSD is expected to contribute to the rally in ETH, BNB, XRP, DOGE, SOL, and LINK, which are approaching key resistance levels.
Currently, the price for XRP stands at $0.62, which is a fall of 1% in the last day and maybe profit selling. It’s 24-hour minimum and maximum go at $0.60$ and $0.7$ respectively. It is also noteworthy that the trading volume has increased by 60% since yesterday, showing higher trader demand.
In the last 24 hours, SOL and LINK have realized profit booking after double-digit gains during the early weeks of the previous week. While ETH has been trading in a narrow range as it trims some of its gains recently, DOGE has dipped slightly, as has BNB.
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The author’s views are for reference only and shall not constitute any investment advice. Please ensure you fully understand and assess the products and associated risks before purchasing.
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