BNB

Binance Continues to Back FDUSD Stablecoin with New Trading Pairs

by BSCN

August 3, 2023

chain

The two new trading pairs, BTC/FDUSD and ETH/FDUSD will go live on August 4 at 08:00 (UTC)

Binance has continued its strong show of support for the emerging stablecoin FDUSD by Hong Kong-based First Digital and is set to open trading for two new pairs: BTC/FDUSD and ETH/FDUSD. The trading pairs are scheduled to go live on August 4 at 08:00 (UTC).

Furthermore, Binance has updated its zero-fee Bitcoin trading program to include the BTC/FDUSD trading pair, effective from the same date and time. This means users can enjoy zero maker fees on the ETH/FDUSD trading pair until further notice.

The Zero-Fee Bitcoin Trading Program allows users to trade BTC/FDUSD spot and margin pairs with zero maker and taker fees during the promotional period. Additionally, the trading volume on these pairs will be excluded from the VIP tier volume calculation and all Liquidity Providers program.

It is important to note that BNB discounts, referral rebates, and other adjustments will not apply to the BTC/FDUSD spot and margin trading pairs during the promotion.

Binance's proactive listing of FDUSD spot trading pairs, including BNB, BUSD, and USDT, on July 26, came shortly after CEO Changpeng Zhao's vocal endorsement of the Hong Kong-based stablecoin.

As the exchange continues to bolster FDUSD's presence, traders and investors are keeping a close eye on the stablecoin's potential impact on the crypto market.

What is Binance:

Binance is the world's leading blockchain ecosystem and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users, and features an unmatched portfolio of crypto products and offerings, including: trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more.

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