Binance looks to boost FDUSD adoption with fee-free trading for Ethereum, XRP, others

Binance looks to boost FDUSD adoption with fee-free trading for Ethereum, XRP, others
фото показано с : cryptoslate.com

2023-12-5 13:10

Binance has expanded its free trading options for the spot and margin trading pairs of the First Digital USD (FDUSD) stablecoin pairing with six digital assets, including BNB, Dogecoin, Chainlink, Ethereum, Solana, and XRP, according to a Dec. 5 statement.

Binance users will see zero maker and taker fees for these pairs starting Dec. 8 for an undisclosed period. The exchange explained that the free trading option would exclude these pairs from BNB fee discounts, rebates, and other adjustments.

However, the firm stated that it “reserves the right to disqualify trades deemed to be wash trades or illegally bulk account registrations, as well as trades that display attributes of self-dealing or market manipulation.”

Binance is actively pushing FDUSD.

The free transaction promotion is part of Binance’s ongoing efforts to encourage its users to use the FDUSD stablecoin.

Last week, the crypto platform said it would phase out support for Binance USD (BUSD) by Dec. 15. Binance urged users to convert their BUSD holdings into the new stablecoin before the end of the year, saying it would end BUSD withdrawals by Dec. 31 and that BUSD balances would be automatically converted to FDUSD.

Binance’s decision relates to the BUSD stablecoin’s regulatory issues. Earlier in the year, the BUSD issuer, Paxos, suspended the stablecoin issuance following scrutiny from U.S. regulators. At the time, the company received a Wells Notice from the U.S. Securities and Exchange Commission (SEC), which classified the stablecoin as a security.

While Binance and Paxos have vehemently rejected this classification, the crypto community promptly deserted the stablecoin, with its circulating supply dropping to less than $2 billion as of press time, according to CryptoSlate’s data.

Concurrently, Binance has been heavily pushing FDUSD as a viable alternative, introducing new products for the digital asset and incentivizing its use. However, FDUSD’s circulating supply remains less than 1 billion and is only available on less than five crypto exchanges.

The post Binance looks to boost FDUSD adoption with fee-free trading for Ethereum, XRP, others appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Open Trading Network (OTN) на Currencies.ru

$ 0.0064948 (+0.67%)
Объем 24H $0
Изменеия 24h: 1.44 %, 7d: 12.76 %
Cегодня L: $0.0064948 - H: $0.0064948
Капитализация $13.149k Rank 2181
Доступно / Всего 2.025m OTN / 100m OTN

trading ethereum xrp binance digital fdusd six

Источник: cryptoslate.com

trading ethereum → Результатов: 126


Фото:

Gods Unchained Records Higher Usage than CryptoKitties, Ethereum Network Remains Unclogged

It wasn’t too long ago that CryptoKitties fever went overboard and crashed the entire Ethereum network with an unfathomable number of transactions. In a recent Twitter thread, Coin Metrics explains how Gods Unchained, a digital card trading game, has surpassed CryptoKitties in transaction volume without being a burden on the network, November 20, 2019.

2019-11-20 14:00


Ethereum Price Analysis ETH / USD: In Dire Straits

Ethereum has a bearish short-term and medium-term trading outlook The four-hour time frame shows that a head and shoulders pattern has been triggered The daily time frame shows that a bullish inverted head and shoulders pattern remains in play The decline in the broader cryptocurrency market has placed Ethereum in a vulnerable technical position, with […] The post Ethereum Price Analysis ETH / USD: In Dire Straits appeared first on Crypto Briefing.

2019-11-20 20:33


Next-Generation Cryptocurrency Trading Platform Crix Speeds up Registration with Yoti KYC

Crix offers traders algorithmic trading with super-fast registration using Yoti  London, UK, November 12, – Today Crix, a next-generation cryptocurrency exchange offering algorithmic trading, institutional connectivity to buy and sell bitcoin, ethereum, litecoin, bitcoincash, stellar and ripple has selected Yoti to streamline its KYC and sign up process.

2019-11-12 22:23


IDEX Reports the Development of an Infinite Solution to Ethereum Scalability

IDEX is a popular decentralized platform on the crypto exchange market. It is accountable for an excess of all decentralized transactions of the crypto market. Recently, the platform had reported to developed a “scaling solution” that is said to be limitless in the trading of Ethereum. Transactions are now Faster by 1,000 Times In the […]

2019-11-11 21:44


Next-generation Cryptocurrency Trading Platform Crix Speeds up Registration with Yoti KYC

Crix offers traders algorithmic trading with super-fast registration using Yoti  London, UK, 11 November 2019 – Today Crix, a next-generation cryptocurrency exchange offering algorithmic trading, institutional connectivity to buy and sell bitcoin, ethereum, litecoin, bitcoincash, stellar and ripple has selected Yoti to streamline its KYC and sign up process.

2019-11-11 18:05


US Based Crypto Exchange, Kraken, Rolls Out Omisego (OMG) and Pax Gold (PAXG) Trading

Kraken, the World’s 12th largest Crypto Exchange, as per Coin360 states, recently added Ethereum based tokens, Omisego and Pax Gold, to its ecosystem. Its clients will now be able to transact the two tokens against fiat currencies like the Dollar and Euro in addition to Bitcoin and Ether crypto coins. The coin exchange whose headquarters […]

2019-10-29 16:16


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

SEC files final response in XRP lawsuit, rejects Ripple’s claims

The United States States Securities and Exchange Commission (SEC)  has filed its final response to its ongoing lawsuit against Ripple. According to the filing, the commission has refuted Ripple’s claims that it acted without recklessness in handling the XRP cryptocurrency.…

SEC calls Ripple’s proposed stablecoin an ‘unregistered crypto asset’

The US Securities and Exchange Commission (SEC) appears to be targeting Ripple’s proposed stablecoin in its latest court filing against the crypto company. In its May 7 redacted remedies reply brief, the regulator described the proposed stablecoin as an “unregistered crypto asset” and further evidence that the company will continue to engage in unregulated activities […] The post SEC calls Ripple’s proposed stablecoin an ‘unregistered crypto asset’ appeared first on CryptoSlate.

Bitcoin ETFs in the US see $15.7 million in outflows

Quick Take US Bitcoin ETFs saw an outflow of $15. 7 million on May 7, marking the first day of outflows since May 2. According to data from Farside, Grayscale’s GBTC was responsible for the negative trend, as it recorded $28.

XRP Ledger To Undergo Major Upgrades: What To Expect

The XRP Ledger (XRPL) is set to undergo a series of substantial enhancements that promise to expand its functionality and market relevance significantly. These proposed upgrades, outlined by renowned community member Krippenreiter via X, cover a broad spectrum from improving interoperability to bolstering the ledger’s decentralized finance (DeFi) capabilities.