Nikolas Sargeant
Binance, a leading global cryptocurrency exchange, has announced the introduction of commission-free trading on several FDUSD pairs, including popular cryptocurrencies like BNB and ETH. This move is part of a broader initiative aimed at promoting trading activity and delivering enhanced value to its user base.
Effective December 8th at 00:00 UTC, traders will be able to execute commission-free transactions on six FDUSD pairs, such as BNB/FDUSD and ETH/FDUSD. This promotional period aligns with the evolving trends in the cryptocurrency market, where major digital currencies are exhibiting bullish patterns.
Binance clarified that trades on these selected pairs will not contribute to users' VIP level volume or qualify for Liquidity Provider program benefits during the promotion. The exchange, known for its tiered fee discounts based on trading volume and holding its native token BNB, has chosen to exclude these trades from such calculations.
Additionally, Binance has implemented a one-hour temporary interest fee waiver on margin loans for various cryptocurrencies, including BTC and ETH. This waiver is part of the exchange's ongoing efforts to integrate FDUSD as a stablecoin substitute and follows its strategy to gradually phase out BUSD pairings. The waiver will be available until December 18th at 09:00 UTC.
Concurrently with these initiatives, Binance is set to enable commission-free trading for additional spot and margin trading pairs, such as XRP/FDUSD, starting from December 8th. This service aims to foster fairness and equal opportunities for all users to enhance their portfolios.
Binance is a globally recognized cryptocurrency exchange known for its comprehensive range of digital assets and advanced trading features. Committed to providing a secure and user-friendly platform, Binance continues to lead in fostering innovation and accessibility in the cryptocurrency space. Read more about the services and initiatives offered in our complete Binance review.
