Breaking: Binance drops trading fees to zero on 6 hot FDUSD pairs – Details

Binance, one of the world’s leading cryptocurrency exchanges, has announced a momentous decision to reduce trading fees to zero on six highly sought-after FDUSD pairs. 

Binance has stood the test of time to be a global crypto service provider amidst the ongoing crypto regulation tuffle with the United States. Just recently, Changpeng “CZ” Zhao stepped down as the CEO with billions in penalties. Has that negatively affected the exchange? No.

The exchange’s native token BNB price today sits at $229.36, with a 24-hour trading volume of $2,095,642,605.29. This indicates a 1.04% decrease in the last 24 hours and a 1.44% increase in the last seven days.

Binance brings an early Christmas gift for the platform investors

Binance, the world’s largest crypto exchange, announced on Wednesday that it is starting zero-fee trading for six FDUSD spot and margin pairs in response to the latest crypto market boom. The crypto exchange intends to start with Zero-fee trading for Ethereum (ETH), XRP, BNB, Solana (SOL), Dogecoin (DOGE), and Chainlink (LINK).

According to the announcement, users will pay no maker or taker fees for the pairs beginning December 8 at 00:00 UTC.

Fellow Binancians, Binance will introduce zero-fee trading for the BNB/FDUSD, DOGE/FDUSD, ETH/FDUSD, LINK/FDUSD, SOL/FDUSD, and XRP/FDUSD spot and margin trading pairs at 2023-12-08 00:00 (UTC).

Binance

Furthermore, the Validity Period is set to run from 2023-12-08 00:00 (UTC) until further notice. In addition, BNB fee discounts, rebates, charge adjustments, and fee promotions do not apply to these spot and margin trading pairs.

The trading volume on the above spot and margin trading pairs will be excluded from the VIP tier volume calculation and all Liquidity Provider programs during the promotion period, where applicable.

Binance

What to expect moving forward

Binance has also waived one-hour interest fees for BTC, DOGE, ETH, GALA, GMT, LINK, MATIC, ORDI, SEI, SOL, TIA, and XRP currencies. Users that borrow these on Binance margin will automatically be exempt from the one-hour interest cost. This is valid until December 18, 2009, at 9:00 a.m. UTC.

Binance provides FDUSD trading at no cost subsequent to the stablecoin’s initial introduction in reaction to the termination of BUSD support. Additionally, the exchange is progressively delisting BUSD pairs.

Already hovering near significant resistance levels, ETH, BNB, XRP, DOGE, SOL, and LINK will experience an upsurge due to the zero-fee trading.

At present, XRP (XRP) is trading at $0.612844 with a 24-hour volume of $1,666,775,190.23 in value. This signifies a decrease of -3.30% in price over the last twenty-four hours and an increase of 1.75% in price over the last seven days.

As of today, BNB (BNB) is trading at $229.98, exhibiting a 24-hour trading volume of $2,109,202,021.00. This indicates that the price has decreased by -1.00% over the past twenty-four hours and increased by 1.83% over the past week.

At present, the value of Ethereum (ETH) stands at $2,206.68, accompanied by a 24-hour trading volume of $25,732,357,684.65. This corresponds to a 24-hour price decrease of -1.75% and a 7-day price increase of 9.56%.

Today, Solana (SOL) is trading at $59.88 per share, with a 24-hour volume of $2,125,742,613.84. This reflects a 24-hour price decrease of -6.18 percent and a seven-day price increase of 8.59 percent. 

Dogecoin (DOGE) is currently trading at $0.088528 per unit, with a 24-hour volume of $1,503,732,249.36. This signifies a price decrease of -1.85% over the last twenty-four hours and a surge of 14.49% over the last seven days. 

At this time, Chainlink (LINK) is trading at $15.34 per share, with a 24-hour volume of $930,578,567.02. This corresponds to a 24-hour price decrease of -4.68 percent and a 7-day price increase of 9.67 percent.