Binance Announces Zero-Fee Trading on FDUSD Pairs
Binance, one of the world’s leading cryptocurrency exchanges, has made a significant move by reducing trading fees to zero on six highly sought-after FDUSD pairs. The selected pairs include BNB/FDUSD, DOGE/FDUSD, ETH/FDUSD, LINK/FDUSD, SOL/FDUSD, and XRP/FDUSD.
This promotion is set to commence on December 8, 2023, at 00:00 (UTC). During the promotional period, trading volume on the specified spot and margin trading pairs will be excluded from the VIP tier volume calculation and Liquidity Provider programs, where applicable.
In addition, spot and margin trading pairs will be exempt from any BNB fee discounts, rebates, or other fee adjustments or promotions.
Waived Interest Fees and Additional Details
Binance has also waived one-hour interest fees for BTC, DOGE, ETH, GALA, GMT, LINK, MATIC, ORDI, SEI, SOL, TIA, and XRP pairs. Users borrowing these currencies on Binance margin will be automatically exempt from the one-hour interest cost until December 18, 2023, at 9:00 a.m. UTC.
Market Impact and Expectations
With zero-fee trading in effect, cryptocurrencies like ETH, BNB, XRP, DOGE, SOL, and LINK are expected to experience increased trading activity, hovering near significant resistance levels.
Cryptocurrency Performance
- XRP (XRP): $0.612844 (24-hour volume: $1,666,775,190.23)
- BNB (BNB): $229.98 (24-hour volume: $2,109,202,021.00)
- Ethereum (ETH): $2,206.68 (24-hour volume: $25,732,357,684.65)
- Solana (SOL): $59.88 (24-hour volume: $2,125,742,613.84)
- Dogecoin (DOGE): $0.088528 (24-hour volume: $1,503,732,249.36)
- Chainlink (LINK): $15.34 (24-hour volume: $930,578,567.02)
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