Binance, the world’s biggest cryptocurrency exchange by trading volume Tuesday that it will be launching zero-fee trading for six trading pairs involving First Digital USD (FDUSD). Binance’s offer came in when Bitcoin (BTC) price jumped to $42k triggering positive sentiments among the traders which will eventually push the global trading volume.
Binance offers zero fees on these 6 pairs
As per the announcement. Binance will be providing zero-fee trading for BNB/FDUSD, DOGE/FDUSD, ETH/FDUSD, LINK/FDUSD, SOL/FDUSD, and XRP/FDUSD. This will be for both spot and margin trading.
The zero-fee trading promotion is scheduled to kick off on December 8, 2023, at 00:00 (UTC). However, the offer will remain valid until further notice. During this period, users participating in trading these specific pairs will enjoy zero maker and taker fees. It’s important to note that the standard trading fees will apply once the promotional period concludes.
It added that the trading volume generated from these specific spot and margin trading pairs will not be considered for VIP tier volume calculations and liquidity provider programs during the promotional period. This exclusion applies to relevant programs where applicable.
Binance stated that these trading pairs will be exempt from BNB fee discounts, fee rebates, or any other form of fee adjustments. The six pairs will also be kept out from promotions provided by Binance during the promotional period.
Crypto market trading vol up by 43%
The global crypto market recorded a minor correction on December 5 morning. The cumulative market cap dropped by around 1% to stand at $1.53 trillion. However, the total crypto market volume jumped by 43.92% in the last 24 hours to stand at $87.57 billion.
Dogecoin, the biggest meme crypto price price is up by 15% over the past 7 days. DOGE is trading at an average price of $0.088, at the press time. Its 24 hour trading volume is up by 18% to stand at $1.14 billion.
While, Ethereum (ETH), the second largest crypto price recorded a surge of 10% in the last 7 days. Its 24 hour trading volume is up by 16% to stand at $14 billion. ETH is trading at an average price of $2,206, at the press time.
