Multichain

United

Bitcoin

First Digital USD

TrueUSD

<div class="sg-post-des">
 Users can trade ETH/FDUSD with zero maker fee, while the standard taker fee will apply based on the user's VIP level. 
</div> 
<div class="cointelegraph"> 
 Crypto exchange Binance, on Thursday, August 3, announced that it would be opening <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> for the Bitcoin/First Digital USD (BTC/FDUSD) and Ethereum/ First Digital USD (ETH/FDUSD) <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> <a rel="noopener noreferrer nofollow" title="pairs" href="https://thebittimes.com/tag/pairs.html">pairs</a> alongside an updated zero-fee Bitcoin and Ethereum <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> with newly added FDUSD stablecoin spot and margin <a rel="noopener noreferrer nofollow" title="pairs" href="https://thebittimes.com/tag/pairs.html">pairs</a>. 
 As per the announcement, starting from 08:00 UTC on August 4, users will benefit from zero maker and taker fees for BTC/FDUSD spot and margin trades through the Zero-Fee Bitcoin Trading Program. Additionally, users can trade ETH/FDUSD with zero maker fee, while the standard taker fee will apply based on the user's VIP level. 
 The <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> volume for BTC/FDUSD spot and margin <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> <a rel="noopener noreferrer nofollow" title="pairs" href="https://thebittimes.com/tag/pairs.html">pairs</a> is not included in the VIP tier volume calculation or the Liquidity Providers programs, enhancing the <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> experience for users. 
 <blockquote>
 “BNB discounts, referral rebates, and any other adjustments will not apply to the BTC/FDUSD spot and margin trading pairs during the promotion.” 
 </blockquote> 
 The recently introduced stablecoin, FDUSD, scheduled to be listed on Binance on July 26, 2023, at 8:00 am UTC, was postponed until 2:00 pm UTC on July 26 due to FDUSD pairs’ liquidity providers experiencing technical issues. 
 <figure> 
 <img src="https://cdn.thebittimes.com/images/2023/08/03/102fe9be30e2773d31a090e4f2499822.webp"> 
 <figcaption style="text-align: center;"> Screenshot of Binance's announcement on the FDUSD pairs and zero-fee bitcoin trading.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Source: Binance 
 </figcaption> 
 </figure> 
 In March, Binance concluded its zero-fee Bitcoin <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> program and BUSD zero-maker fee promotion, shifting to the lesser-known TrueUSD (TUSD) stablecoin from BUSD. This change, along with the removal of Tether (USDT) from the zero-fee program, led to a significant drop in Binance's market share and <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> volumes by over 50%. Consequently, the prices of cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) remained under pressure after the alteration. 
 Related:Binance’s CZ warns crypto community about emerging scam 
 First Digital USD is backed by Hong Kong-based custodian and trust company First Digital. The group announced the launch of the United States dollar-pegged FDUSD on June 1. FDUSD’s market cap of $257 million is still low compared to other stablecoins 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 Binance can cause a significant boost in market cap. 
 Magazine: Multichain saga screws users, Binance fires 1,000 staff: Asia Express 
 <template data-name="subscription_form" data-type="crypto_biz"></template> 
</div>

Binance starts BTC/FDUSD and ETH/FDUSD trading pairs with zero-fees

TheBitTimes

Other articles published on Aug 3, 2023

Shiba Inu whale activity plummets despite uptick in burn rate

Amazon Stock Price Prediction: Can AMZN Stock Fall Below $120?

WAGMI Games Unveils All-Star Team to Transform Web3 Gaming

Litecoin Halving Aftermath: Brace Yourselves, Whale Dump Incoming

MoneyExpo India 2023: Showcasing the Future of Finance with Fintech and Crypto Companies

Cryptocurrency Analyst Michaël van de Poppe Hints at Potential Bull Run for XRP

Join our free newsletter for daily crypto updates!