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Just-In: Binance Launches Zero-Fee Trading For XRP, ETH, SOL, DOGE, LINK, BNB

source-logo  coingape.com 05 December 2023 08:40, UTC

The world’s largest crypto exchange Binance on Tuesday said it is launching zero-fee trading for six FDUSD spot and margin pairs amid the ongoing crypto market rally. The crypto exchange plans to launch zero-fee trading initially for crypto — Ethereum (ETH), XRP, BNB, Solana (SOL), Dogecoin (DOGE), and Chainlink (LINK).

Binance Announces Zero-Fee Trading For FDUSD Pairs

Crypto exchange Binance in an official announcement on December 5 revealed the plan to introduce zero-fee trading for six FDUSD spot and margin pairs. Users will enjoy zero maker and taker fees for the pairs effective from December 8 at 00:00 UTC.

Binance will introduce key pairs such as BNB/FDUSD, DOGE/FDUSD, ETH/FDUSD, LINK/FDUSD, SOL/FDUSD and XRP/FDUSD.

“The trading volume on the above spot and margin trading pairs will be excluded from the VIP tier volume calculation and all Liquidity Provider programs during the promotion period, where applicable,” as per the announcement.

Furthermore, these spot and margin trading pairs are excluded from BNB fee discounts, fee rebates, or any fee adjustments or fee promotions.

Meanwhile, Binance 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 is valid until December 18 09:00 UTC.

Also Read: BlackRock & Bitwise Submits Revised Spot Bitcoin ETF S1 Prospectus

Expect Massive Rally For These Crypto

Binance offers zero-fee trading for FDUSD after adding the stablecoin earlier in response to ending BUSD support. The exchange is also delisting BUSD pairs gradually.

The zero-fee trading will bring a rally in ETH, BNB, XRP, DOGE, SOL, and LINK, which are already moving near key resistance levels.

XRP price trades at $0.62, down 1% in the past 24 hours amid profit booking. The 24-hour low and high are $0.608 and $0.641, respectively. Furthermore, the trading volume has increased by 60% in the last 24 hours, indicating a rise in the interest of traders.

SOL and LINK also witnessed profit booking in the last 24 hours after double-digit growth this week. ETH, DOGE, and BNB are moving sideways after paring some gains.

Also Read: Bitcoin (BTC) Price Today: Rally Halts At $42,000 But Open Interest At Two-Year High