Crypto Market Expects Massive Rally as Binance Launches Zero-Fee Trading for FDUSD Pairs
Crypto News – On Tuesday, the world’s largest cryptocurrency exchange, Binance, announced a groundbreaking move by introducing zero-fee trading for six FDUSD spot and margin pairs during the ongoing crypto market upswing. Binance’s plan initially targets popular cryptocurrencies, including Ethereum (ETH), XRP, Binance Coin (BNB), Solana (SOL), Dogecoin (DOGE), and Chainlink (LINK).
Binance’s Zero-Fee Trading Announcement for FDUSD Pairs
In an official statement released on December 5th, Binance unveiled its strategy to implement zero-fee trading for six FDUSD spot and margin pairs. Effective from December 8th at 00:00 UTC, users will enjoy the benefit of zero maker and taker fees for these pairs.
The key pairs being introduced include BNB/FDUSD, DOGE/FDUSD, ETH/FDUSD, LINK/FDUSD, SOL/FDUSD, and XRP/FDUSD.
As per the announcement, the trading volume for the specified spot and margin trading pairs will be excluded from VIP tier volume calculations and all Liquidity Provider programs during the promotional period, where applicable. Additionally, these spot and margin trading pairs will not be eligible for BNB fee discounts, fee rebates, or any fee adjustments or promotions.
In a separate development, Binance has also rolled out a one-hour interest fee waiver for BTC, DOGE, ETH, GALA, GMT, LINK, MATIC, ORDI, SEI, SOL, TIA, and XRP pairs. Users who borrow these assets on Binance margin will automatically benefit from this one-hour interest fee waiver, which is valid until December 18th at 09:00 UTC.
Binance’s decision to offer zero-fee trading for FDUSD pairs follows its earlier addition of the stablecoin, FDUSD, as a response to phasing out support for BUSD. The exchange is gradually delisting BUSD pairs.
The introduction of zero-fee trading is expected to trigger a surge in the prices of ETH, BNB, XRP, DOGE, SOL, and LINK, which are already approaching crucial resistance levels.
XRP is currently trading at $0.62, with a 1% decrease in the past 24 hours due to profit booking. The 24-hour trading range for XRP is between $0.608 and $0.641. Notably, trading volume has surged by 60% in the last 24 hours, indicating increased interest among traders.
SOL and LINK have also experienced profit booking in the past 24 hours following their impressive double-digit growth earlier in the week. Meanwhile, ETH, DOGE, and BNB are displaying sideways movement after consolidating some of their recent gains.
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