Binance Sparks Crypto Frenzy: Zero Fees on XRP, Dogecoin Trading

Key Points:

• Zero fees on DOGE/FDUSD and XRP/FDUSD pairs from Dec. 8
• Excluded from VIP tier calculations and liquidity programs
• BUSD phase-out accelerates, with delisting by Dec. 15

In a strategic move to accelerate the shift away from its exchange-branded stablecoin BUSD, Binance, the world’s leading cryptocurrency exchange, has introduced a limited-time zero-fee trading promotion for six FDUSD spot and margin trading pairs. Notably, this includes popular cryptocurrencies like XRP and Dogecoin.

The official announcement, posted on Binance’s blog, reveals that the zero-fee trading initiative will commence on December 8 at 12:00 a.m. (UTC) and will remain in effect until further notice. During this period, users will enjoy feeless trading, with both maker and taker fees waived for selected spot and margin trading pairs, featuring DOGE/FDUSD and XRP/FDUSD.

It’s worth noting that trading volumes on these pairs will not factor into VIP tier volume calculations and will not be eligible for participation in liquidity provider programs throughout the promotion, as clarified in the blog post.

This move follows Binance’s earlier addition of DOGE/FDUSD and XRP/FDUSD to its trading pairs list in September. FDUSD, a fiat-backed stablecoin introduced by First Digital in June, continues to gain prominence, and Binance is actively encouraging its adoption by sweetening the deal for traders.

_______________________________________________________________________________________

Stay connected with us on Google News, Telegram, Twitter, and Facebook to stay updated on the latest developments and engaging discussions in the realm of CryptosNewss.

Disclaimer: Please note that the viewpoints and perspectives expressed by the author, as well as any individuals referenced in this article, are intended solely for informational purposes. They should not be construed as financial or investment advice. It’s important to acknowledge that investing in or trading cryptoassets carries inherent financial risks.

Originally published at https://cryptosnewss.com on December 7, 2023.