Binance, the world\u2019s largest crypto exchange, recently added the BTC\/FDUSD and ETH\/FDUSD trading pairs to its zero-fee trading program. Binance recently listed FDUSD, a 1:1 USD stablecoin on the BNB smart chain issued by Hong Kong-based licensed trust company, First Digital. With the new zero-fee trading program, users can buy and sell supported cryptocurrencies using FDUSD without paying transaction fees.\u00a0<\/p>\n
The zero-fee trading program is part of Binance\u2019s efforts to increase trading volumes between stablecoin pairs. The company currently has a zero-fee bitcoin trading & BUSD zero maker fee promotion for supported stablecoins. With its latest move, Binance is adding FDUSD to the fray of supported stablecoins on both spot & margin trading pairs.<\/p>\n
#Binance<\/a> adds #BTC<\/a> \/ $FDUSD<\/a> and $ETH<\/a> \/ $FDUSD<\/a> trading pairs and updates the zero-fee Bitcoin Trading Program.<\/p>\n Find out more https:\/\/t.co\/g6Elnd77d9<\/a><\/p>\n \u2014 Binance (@binance) August 3, 2023<\/a><\/p>\n Taker fees are paid when the trade order is executed, while maker fees are paid when users make limit orders. According to the announcement on its blog<\/a>, starting August 8, users will be able to enjoy zero maker and taker fees on the BTC\/FDUSD spot and margin trading pairs.\u00a0<\/p>\n Users will also enjoy zero maker fees on all FDUSD spot and margin trading pairs, but takers will continue to pay standard fees based on the existing trading structure.\u00a0<\/p>\n Binance\u2019s announcement to waive trading fees could significantly impact the prices of Bitcoin and Ethereum. As the world\u2019s largest crypto exchange, Binance wields a lot of influence over the crypto market. In the past, Binance\u2019s fee reductions and zero-fee promotions have preceded price pumps and increases in trading volume for the included cryptocurrencies, even if they are only temporary.<\/p>\n Bitcoin, on its own, seems to have found a footing just below $30,000, but the influx of new money and traders could support a higher price push for Bitcoin. The same goes for Ethereum, which is currently ranging around $1,800.<\/p>\n\n With no trading fees, investors can also move money in and out of stablecoins freely to take advantage of arbitrage opportunities across exchanges or trade pairs.\u00a0<\/p>\n In March, Binance\u2019s decided to implement zero maker and taker fees on the BTC-TUSD. As a result, the TUSD stablecoin surged 10x in trading volume, surpassing $1 billion in less than 24 hours. During this time period, the BTC-TUSD pair on Binance alone exceeded $700 million in trading volume.\u00a0<\/p>\n It is unclear when the zero-fee trading promotion will end on the BTC\/FDUSD and ETH\/FDUSD trading pairs, but it is expected to increase the volume of FDUSD being traded on the exchange.<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Binance, the world\u2019s largest crypto exchange, recently added the BTC\/FDUSD and ETH\/FDUSD trading pairs to its zero-fee trading program. Binance recently listed FDUSD, a 1:1 USD stablecoin on the BNB smart chain issued by Hong Kong-based licensed trust company, First Digital. With the new zero-fee trading program, users can buy and sell supported cryptocurrencies using FDUSD without paying transaction fees.\u00a0<\/p>\n The zero-fee trading program is part of Binance\u2019s efforts to increase trading volumes between stablecoin pairs. The company currently has a zero-fee bitcoin trading & BUSD zero maker fee promotion for supported stablecoins. With its latest move, Binance is adding FDUSD to the fray of supported stablecoins on both spot & margin trading pairs.<\/p>\n #Binance<\/a> adds #BTC<\/a> \/ $FDUSD<\/a> and $ETH<\/a> \/ $FDUSD<\/a> trading pairs and updates the zero-fee Bitcoin Trading Program.<\/p>\n Find out more https:\/\/t.co\/g6Elnd77d9<\/a><\/p>\n \u2014 Binance (@binance) August 3, 2023<\/a><\/p>\nThe Potential Impact On Prices<\/h2>\n
Binance Introduces Zero-Fee Trading Program<\/h2>\n