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CDS Crypto News Binance Postpones FDUSD Stablecoin Listing Amidst Growing Concerns

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Binance Postpones FDUSD Stablecoin Listing Amidst Growing Concerns

Binance halts trading of FDUSD stablecoin due to ‘technical issues’.

sevval26/07/20231 Mins read796

In the interest of user protection and trading integrity, Binance has taken a precautionary step by postponing the listing of FDUSD stablecoin.

Binance Postpones FDUSD Stablecoin Listing Amidst Growing Concerns

Starting from 9:45 AM (UTC) on July 26, 2023, all trading activities involving FDUSD will be temporarily suspended, and any pending orders for FDUSD pairs will be automatically canceled during this period. This proactive approach allows Binance to promptly address and rectify technical issues, ensuring a smooth trading experience for its users once the problems are resolved.

The affected trading pairs, which include BNB/FDUSD, FDUSD/BUSD, and FDUSD/USDT spot trading pairs, will remain on hold until 2:00 PM (UTC) on July 26, 2023. At that time, trading for these pairs will resume after the technical issues have been thoroughly resolved. Binance understands the inconvenience caused to its users and reiterates its commitment to safeguarding their interests and funds. By implementing this temporary halt, Binance aims to mitigate potential risks and maintain its reputation as a secure and reliable trading platform.

In a bid to reward its users and encourage more participation in FDUSD trading, Binance has introduced an exciting promotion featuring zero maker fees for all FDUSD trading pairs. During the promotional period, all Binance users have the opportunity to benefit from zero maker fees on the existing FDUSD spot trading pairs, as well as on any new FDUSD spot and margin trading pairs.

This limited-time offer is set to create a favorable trading environment, allowing users to trade FDUSD with reduced costs and improved trading incentives. Traders can seize this opportunity to engage in a variety of FDUSD pairs without incurring any maker fees, making it an attractive prospect for both seasoned traders and newcomers alike.

Sources:coincu cointelegraph

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Şevval has been actively writing since 2022 and is a third-year mathematics student at Ankara University. Her interest in writing is shaped particularly around innovative technologies such as Web3, artificial intelligence, and blockchain. She closely follows developments in these fields and aims to convey complex topics to readers in a clear and engaging manner. She enjoys combining her mathematical knowledge with technology to create content and strives to raise awareness about the digital world of the future.