Binance Offers Free Trading For Shiba Inu (SHIB), INJ & SAND

Binance, the leading crypto exchange in the world, announced on Wednesday that it would offer free trading for some crypto pairs, including Shiba Inu (SHIB), Injective (INJ), and The Sandbox (SAND). The exchange also added new spot trading pairs and Trading Bots services for other crypto.

According to Binance’s official announcement on Dec 13, the exchange will waive the maker fees for SHIB/FDUSD, INJ/FDUSD, and SAND/FDUSD pairs from Dec 14 at 08:00 UTC. It means that users who place orders that provide liquidity to the market will not pay any fees for these pairs.

Binance also said it will open trading for new spot trading pairs, such as FIDA/TRY, IOTA/TRY, and MEME/ETH, from Dec 14 at 08:00 UTC. These pairs involve the Turkish lira (TRY), which has seen a surge in demand for crypto amid high inflation in the country.

Furthermore, Binance will enable Trading Bots services for BLUR/USDT, JTO/USDT, and VANRY/USDT trading pairs. Users can use Spot Grid, Spot DCA & Rebalancing Bot for these pairs from Dec 14 at 08:00 UTC.

The news of free trading for SHIB, INJ, and SAND did not significantly impact their prices, as they were still trading lower than the previous day. SHIB price rose 1% in an hour but was still down 4% in the last 24 hours.

Binance Sparks Crypto Frenzy With Free Trading & $500,000 Giveaway Amidst Market Volatility

Also, it was trading at $0.00000934 at the time of writing. The 24-hour low and high were $0.00000922 and $0.00000975, respectively. The trading volume also dropped by 18% in the last 24 hours, indicating a lack of interest among traders.

INJ and SAND prices fell by more than 6% to $24.43 and $0.48, respectively. INJ had a strong rally of over 40% weekly, while SAND also gained 10% weekly. However, the tokens were under pressure as traders awaited today’s Fed rate decision.

Binance’s listing usually provides a solid boost for the crypto projects and their tokens. On Dec 5, Binance announced free trading for crypto, such as Ethereum (ETH), XRP, BNB, Solana (SOL), Dogecoin (DOGE), and Chainlink (LINK), according to news by BTC Politan.

Binance also plans to give away crypto worth $500,000, ranging from 1 SHIB to 1 BTC. Users can get BTC, ETH, BNB, SHIB, and other crypto worth $0.00000936 to $42,000 by just making a swap using the newly launched Web3 Wallet.

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