Binance Announces Zero-Fee Trading For FDUSD Pairs
The world’s largest crypto exchange, Binance, has officially announced the launch of zero-fee trading for six FDUSD spot and margin pairs. This move comes amid the ongoing crypto market rally.
The crypto exchange is set to introduce zero-fee trading for the following cryptocurrencies: Ethereum (ETH), XRP, BNB, Solana (SOL), Dogecoin (DOGE), and Chainlink (LINK).
Key Details of the Announcement
- Effective Date: December 8, 00:00 UTC
- Trading Pairs: BNB/FDUSD, DOGE/FDUSD, ETH/FDUSD, LINK/FDUSD, SOL/FDUSD, and XRP/FDUSD
- Exclusions: Trading volume on these pairs excluded from VIP tier volume calculation and Liquidity Provider programs during the promotion period
- Exclusions (cont.): Pairs excluded from BNB fee discounts, fee rebates, or any fee adjustments or fee promotions
One-Hour Interest Fee Waiver
Binance has also introduced a one-hour interest fee waiver for BTC, DOGE, ETH, GALA, GMT, LINK, MATIC, ORDI, SEI, SOL, TIA, and XRP pairs. Users borrowing these on Binance margin will automatically receive the one-hour interest fee waiver. This offer is valid until December 18, 09:00 UTC.
Expect Massive Rally For These Crypto
Binance’s zero-fee trading for FDUSD pairs, introduced after adding the stablecoin, is expected to trigger a rally in ETH, BNB, XRP, DOGE, SOL, and LINK. These cryptocurrencies are already approaching key resistance levels.
XRP Price Update
XRP is currently trading at $0.62, reflecting a 1% decrease in the past 24 hours due to profit booking. The 24-hour low and high stand at $0.608 and $0.641, respectively. Additionally, the trading volume has surged by 60% in the last 24 hours, indicating a rising interest among traders.
SOL and LINK have also experienced profit booking in the last 24 hours following double-digit growth earlier in the week. Meanwhile, ETH, DOGE, and BNB are moving sideways after paring some gains.
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