Binance launches Zero Fee for spot and margin trading for XRP and others against FDUSD.
#Binance will introduce zero-fee trading for the following spot and margin trading pairs on December 8, 2023.
? #BNB / $FDUSD
? $DOGE / $FDUSD
? $ETH / $FDUSD
? $LINK / $FDUSD
? $SOL / $FDUSD
? $XRP / $FDUSD https://t.co/gqeRqzh6Xw— Binance (@binance) December 5, 2023
On December 5, Binance, the world’s largest cryptocurrency exchange, announced the launch of zero-fee trading for six FDUSD spot and margin pairs, responding to the ongoing crypto market surge. Initially, zero-fee trading will be available for Ethereum, XRP, BNB, Solana, Dogecoin, and Chainlink.
The move aims to attract users by eliminating maker and taker fees for these pairs, starting from December 8 at 00:00 UTC.
Key pairs include “BNB/FDUSD, DOGE/FDUSD, ETH/FDUSD, LINK/FDUSD, SOL/FDUSD, and XRP/FDUSD”.
During the promotion, users enjoy zero maker and taker fees, with trading volume on these pairs excluded from VIP tier volume calculations and Liquidity Provider programs. The pairs are also excluded from BNB fee discounts and other fee adjustments. Standard trading fees apply after the promotion ends.
Binance also introduced a one-hour interest fee waiver for various crypto pairs on margin trading until December 18 at 09:00 UTC. XRP, currently trading at $0.62, has seen increased trading volume, suggesting growing trader interest despite a 1% dip in the last 24 hours.
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