- Binance users can now trade six spot and margin pairs of stablecoin FDUSD at zero fees.
- The zero-fee applies to FDUSD pairs against XRP, BNB, DOGE, ETH, LINK, and SOL.
- Binance’s previous Bitcoin zero-fee trading program helped to capture an additional 20% market share through the eight months the promotion lasted.
The largest crypto trading platform, Binance, has introduced a zero-charge trading system on six digital asset pairs for its users. According to a recent notification from the exchange, users can now trade spot and margin pairs of the stablecoin First Digital USD (FDUSD) at zero fees.
Per the report, the zero fee applies to FDUSD pairs against XRP, Binance Coin (BNB), Dogecoin (DOGE), Ethereum (ETH), Chainlink (LINK), and Solana (SOL). Binance noted that the promotional offer will become effective from Friday, December 8, until it makes further announcements regarding its validity period.
Furthermore, Binance stated that the offer applies to both “maker and taker fees” for the specified six spot and margin trading pairs. Meanwhile, the exchange stated that during the promotional period, the trading volume associated with the six FDUSD pairs would not be considered in users’ VIP tier volume calculation. It added that the exclusion also applies to other Liquidity Provider programs.
Moreover, the specified spot and margin trading pairs will not qualify for BNB fee discounts, rebates, or other fee adjustments or promotions. Binance has noted that standard trading fees will be applicable for the six FDUSD trading pairs once the promotion concludes. Binance also retains the authority to disqualify trades exhibiting characteristics of wash trades, illicit bulk account registrations, self-dealing, or market manipulation.
Notably, this new zero trading fee program comes many months after Binance discontinued a similar package it offered for Bitcoin trading pairs. In March, Coin Edition reported that the zero-fee for Bitcoin trades helped Binance capture an additional 20% market share through the eight months the promotion lasted. However, following the discontinuation, Binance’s liquidity for BTC stablecoin pairs tanked by more than 60%.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
