In a strategic move to capitalize on the surging crypto market, Binance, the world’s largest cryptocurrency exchange, has rolled out a groundbreaking initiative – zero-fee trading for six prominent FDUSD spot and margin pairs. The no-fee trading promotion is set to commence on December 8 at 00:00 UTC, targeting Ethereum, XRP, BNB, Solana, Dogecoin, and Chainlink.
Key Pairs Experiencing Zero Fees
Come December 8, users engaging in spot and margin trading will enjoy a fee-free experience for key pairs, namely “BNB/FDUSD, DOGE/FDUSD, ETH/FDUSD, LINK/FDUSD, SOL/FDUSD, and XRP/FDUSD.” This move by Binance is a calculated effort to attract a broader user base by eliminating both maker and taker fees for the specified pairs.
Throughout the promotional period, users will benefit from zero maker and taker fees, with an additional advantage of having their trading volume on these pairs excluded from VIP tier volume calculations and Liquidity Provider programs.
Furthermore, these pairs will not be subject to BNB fee discounts and other fee adjustments. It’s important to note that standard trading fees will be reinstated once the promotional period concludes.
In addition to the zero-fee promotion, Binance is offering a one-hour interest fee waiver for various crypto pairs on margin trading. This incentive is valid until December 18 at 09:00 UTC, providing an extra layer of benefit for users engaging in margin trading activities.
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XRP’s Resilience in the Market
Despite a marginal 0.8% dip in the last 24 hours, XRP, currently trading at $0.614, has exhibited increased trading volume. This suggests a growing interest among traders, possibly fueled by Binance’s latest initiative. The move to include XRP in the zero-fee trading promotion underscores the cryptocurrency’s significance in the market.