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Binance introduces zero-fee trading on select crypto pairs

Binance introduces zero-fee trading on select crypto pairs © Reuters

Binance, one of the world’s leading cryptocurrency exchanges, has announced that it will start offering zero-fee trading on several FDUSD trading pairs, including popular cryptocurrencies like BNB and ETH. This move comes as part of a broader initiative to encourage trading activity and provide more value to its users.

Starting from December 8 at 00:00 UTC, traders will be able to engage in fee-free transactions on six FDUSD pairs such as BNB/FDUSD and ETH/FDUSD. This promotional period is set against the backdrop of an evolving crypto market landscape with leading digital currencies showing bullish trends.

Binance also clarified that trades on these selected pairs will not count towards users’ VIP tier volume nor will they qualify for Liquidity Provider program benefits during the promotion. The exchange is known for its tiered trading fee discounts based on volume and holding of its native BNB token but has chosen to exclude these trades from such calculations.

Additionally, Binance has implemented a temporary one-hour interest fee waiver on margin loans for various cryptocurrencies, including BTC and ETH. This waiver is part of the exchange’s ongoing efforts to integrate FDUSD as a stablecoin substitute and follows their strategy of phasing out BUSD pairings. The waiver will be available until December 18 at 09:00 UTC.

In parallel with these initiatives, Binance is set to enable fee-free transactions for additional spot and margin trading pairs such as XRP/FDUSD starting December 8. This service aims to promote fairness and equal opportunities for all users to enhance their portfolios.

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