Users can trade ETH/FDUSD with no maker fees, but depending on their VIP status, they will pay the usual taker fees.
Binance has some exciting news! First Digital USD (BTC/FDUSD) and First Digital USD (ETH/FDUSD), two new trading pairs, were introduced on August 3rd by the renowned cryptocurrency exchange. Binance is continuing by launching an enhanced zero-fee trading program for Bitcoin and Ether that now includes spot and margin pairs in addition to the recently announced FDUSD stablecoin.
Users can benefit from $0 maker and taker costs for BTC/FDUSD spot and margin trades starting on August 4 at 08:00 UTC thanks to the $0-Fee Bitcoin Trading Program. Additionally, there will be no maker cost for trading ETH/FDUSD, but depending on the user’s VIP status, there may be a taker fee.
![Binance Launches Zero-Fee BTC/FDUSD and ETH/FDUSD Trading Pairs image 14](https://i0.wp.com/nosisnews.com/wp-content/uploads/2023/08/image-14.png?resize=1024%2C497&ssl=1)
![Binance Launches Zero-Fee BTC/FDUSD and ETH/FDUSD Trading Pairs image 14](https://i0.wp.com/nosisnews.com/wp-content/uploads/2023/08/image-14.png?resize=1024%2C497&ssl=1)
What’s best? Users should expect a seamless and improved trading experience because the trading volume for BTC/FDUSD spot and margin pairings won’t be taken into account for VIP tier volume calculations or Liquidity Providers programs.
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FDUSD Stablecoin and Binance’s Market Impact
Due to technical difficulties encountered by liquidity providers, the listing of the recently launched stablecoin First Digital USD (FDUSD) on Binance was delayed. The Hong Kong-based custodian and trust company First Digital launched this US dollar-pegged stablecoin, and it is already visible and prepared for use.
Although FDUSD has a smaller market valuation than most other stablecoins right now, its listing on Binance could have a big impact because of rising user demand and interest.
Binance’s Strategy and Market Outlook
The most recent actions taken by Binance, such as the addition of new trading pairs and the modified zero-fee program, demonstrate the exchange’s dedication to offering users cutting-edge and alluring opportunities.
As one of the key competitors in the cryptocurrency market, Binance continuously improves and expands its product offerings with the goal of giving users a better overall trading experience. With FDUSD’s entry into the market, there is a chance that the market will be given a boost and that interest in cryptocurrencies will grow.
As time goes on, all eyes will be on Binance to see how these fascinating events affect the constantly shifting world of digital assets.
Related: Binance begins launching trading services for Japan residents