#Binance #CryptoTrading #NoFeeTrading #XRP #FDUSD #SOL #DeListing #CryptoNews
Starting December 8, Binance, a globally recognized cryptocurrency exchange, has rolled out zero-fee trading on certain pairs, including XRP/FDUSD and SOL/FDUSD. This exciting move means that users can now trade these pairs without incurring any maker or taker fees. However, it’s important to note that the trading volume on these pairs will be excluded from the VIP tier volume calculation and all Liquidity Provider programs during the promotion period.
The zero-fee trading scheme noticeably emphasizes FDUSD, a stablecoin launched by First Digital Limited. This attention to FDUSD marks a strategic move away from another stablecoin, BUSD. Binance has announced its plans to halt BUSD support and auto-convert residuary balances to FDUSD with a 1:1 rate effective from December 31, 2023. In addition to its zero-fee trading initiative, Binance has also revealed plans to remove four cryptocurrencies from its platform on December 7, including BitShares (BTS), PERL.eco (PERL), Tornado Cash (TORN), and Waltonchain (WTC), leading to notable price devaluations for some of these coins.
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