Friday, December 2, 2022
HomeCrypto NewsMarketHuobi Announces Free Trading for XRP, ADA, And LUNC

Huobi Announces Free Trading for XRP, ADA, And LUNC

- Advertisement -
Follow-Us-On-Google-News

Huobi follows other top exchanges to launch free trading.


Huobi has announced a limited-time zero fee trading for select assets, including Ripple (XRP), Terra Classic (LUNC), and Cardano (ADA), as it launches spot trading for 12 USDD pairs.

Huobi Global is launching zero-free trading for select assets by introducing spot trading for 12 tokens with USDD trading pairs, including ADA, LUNC, and XRP. The move is an attempt from the Seychelles-based cryptocurrency exchange to encourage customer adoption of the USDD trading pairs upon launch.

The 12 different assets introduced include Cardano (ADA), Ripple (XRP), Terra Classic (LUNC), Dogecoin (DOGE), Polkadot (DOT), Polygon (MATIC), Solana (SOL), EOS (EOS), NEAR Protocol (NEAR), Ethereum Classic (ETC), Filecoin (FIL), and ApeCoin (APE); as disclosed in a recent tweet and through an official press release.

 

Data from the press release revealed that the exchange would launch the USDD-paired spot trading for the above-mentioned tokens on November 8, with ADA, APE, and DOGE opening at 7 AM; DOT, EOS, ETC launching at 8 AM; FIL, LUNC, and MATIC launched at 9 AM; and NEAR, SOL and XRP at 10 AM. All times in UTC+0.

Additionally, at launch, these 12 trading pairs will attract zero fees until December 31, 15:59 (UTC). Currently, Huobi users only have an opportunity to trade 10 USDD-paired risk assets on the spot market, including but not limited to TRX, BTC, and ETH. The inclusion of these 12 newly-introduced tokens will bring the number to 22.

The recent development will allow Huobi Global users to get zero-fee exposure to a wider array of mainstream assets paired with USDD, including XRP, ADA, and LUNC, which have constantly enjoyed some massive market and social activities of late.

Huobi would not be the first exchange to launch zero-free spot trading, as Binance announced a similar incentive for its users on July 6 to mark its fifth anniversary. Binance’s free trading involved 13 BTC spot trading pairs. Additionally, Binance launched free ETH spot trading with BUSD in August for one month.

Similarly, Huobi launched a zero-fee promotion period, which is still ongoing and will close on December 31, 15:59 (UTC). USDD is the native stablecoin currency of Justin Sun’s blockchain-based digital platform Tron. On October 9, Huobi announced the launch of its Global Advisory Board, including Justin Sun, among other industry leaders.

On October 7, Huobi revealed an upcoming acquisition deal to see Hong Kong-based investment company “About Capital Management” take control of the exchange. Sun is the core investor of About Capital. Consequently, the acquisition deal further solidified the Chinese businessman’s ties with Huobi Global. Justin Sun has also revealed that he is the largest holder of Huobi Token (HT), with “tens of millions” in his possession.

- Advertisement -
Albert Brown
Albert Brownhttps://thecryptobasic.com/
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

- Advertisment -

Recent News & Articles

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.