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 <h2 id="binance-seeks-to-improve-market-shares-with-fdusd">Binance Seeks to Improve Market Shares With FDUSD</h2> 
 <p><a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> adds Bitcoin and Ethereum with FDUSD spot and margin trading pairs and introduces zero-fee trading for BTC/FDUSD trading pair, according to an announcement on August 3.</p>  
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 <p>Users will enjoy zero maker and taker fees for BTC/FDUSD spot and margin under the Zero Fee Bitcoin Trading Program from 08:00 UTC on August 4. In addition, users can trade ETH/FDUSD with zero maker fee, with standard taker fee applicable as per user’s VIP level.</p> 
 <p class=" richtext-paragraph  css-127w7vq"><span class="richtext-text css-68muu9" data-bn-type="text">The trading volume on the BTC/FDUSD spot and margin trading pairs is excluded from the VIP tier volume calculation and all Liquidity Providers program. Thus, providing users with a better trading experience. </span></p> 
 <blockquote> 
  <p class=" richtext-paragraph  css-127w7vq"><span class="richtext-text css-68muu9" data-bn-type="text">“BNB discounts, referral rebates, and any other adjustments will not apply to the BTC/FDUSD spot and margin trading pairs during the promotion.”</span></p>  
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 </blockquote> 
 <p>Binance ended its&nbsp;zero-fee Bitcoin trading program and BUSD zero-maker fee promotion in March and switch from BUSD to low-market cap <strong>TrueUSD</strong> (TUSD) stablecoin. The exchange removed Tether (USDT) from zero-fee trading program, causing Binance’s market share to drop more than 50% and trading volumes to drop significantly.</p> 
 <p>Recently, CoinGape Media reported that Binance’s market share has dropped to a one-year low, dropping to 53.7% amid regulatory heat and low trading volumes.</p>  
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 <p><strong>Read More: Reports Of US DOJ Fraud Charges On <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> Resurface</strong></p> 
 <h2 id="is-this-bullish-for-crypto-market">Is this Bullish for Crypto Market?</h2> 
 <p>First Digital USD (FDUSD) is backed by Hong Kong-based custodian and trust company First Digital. FDUSD’s market cap of $257 million is still low compared to other <a rel="noopener noreferrer nofollow" title="stablecoin" href="https://thebittimes.com/tag/stablecoin.html">stablecoin</a>s like USDT, TUSD, BUSD, and USTC. Thus, it will not have much impact on the crypto market now, but minting new FDUSD amid demand from <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> can cause a significant boost in market cap.</p> 
 <p><a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> remains the top exchange for Bitcoin trading. BTC/TUSD and BTC/USDT on <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> are the most traded pairs, accounting for 14.80% and 6.88% trading volume.</p> 
 <p><strong>Also Read:</strong></p> 
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  <li>Litecoin (LTC) Price Tanks After Halving, Will Bitcoin Meet Same Fate in 2024?</li> 
  <li>Odds Of Spot Bitcoin ETF Approval By US SEC Rises To 65% – Bloomberg</li> 
  <li>LUNC News: Professor Edward Kim Transfers Admin Access To Terra Luna Classic L1TF</li> 
 </ul> 
</div>

Binance Announces Zero-Fee Bitcoin And Ethereum Trading, Bullish For Crypto Market?

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TheBitTimes

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