In a strategic move amid the ongoing crypto market rally, Binance, the world’s largest cryptocurrency exchange, announced that it has begun zero-fee trading for six FDUSD spot and margin pairs. This groundbreaking initiative will include popular cryptocurrencies such as Ethereum (ETH), XRP, BNB, Solana (SOL), Dogecoin (DOGE) and Chainlink (LINK).
Binance will charge zero transaction fees for DOGE and various coins
Binance made an official announcement on December 5, detailing its plan to launch zero-fee trading for the specified FDUSD spot and margin pairs. Users will be able to benefit from zero maker and taker fees for major pairs such as BNB/FDUSD, DOGE/FDUSD, ETH/FDUSD, LINK/FDUSD, SOL/FDUSD and XRP/FDUSD, effective from 03:00 on December 8. As stated in the announcement, trading volume for these pairs will be excluded from the VIP tier volume calculation and Liquidity Provider programs during the promotional period. Additionally, these pairs are exempt from BNB fee discounts, refunds, or other fee adjustments or promotions.
Simultaneously, Binance is offering an hourly interest fee waiver for select cryptocurrency pairs, including DOGE, ETH, and XRP. This exemption will be valid until December 18 at 12:00 UTC and will apply to users who borrow these assets with Binance margin. Market analysts, meanwhile; A significant rally awaits cryptocurrencies such as ETH, BNB, XRP, DOGE, SOL and LINK. These crypto assets are already approaching key resistance levels. For example, XRP is trading at $0.62 and is down 1% in the last 24 hours. Increasing trading volume indicates a growing interest among traders.
Support for ZEN and BNB Chain
In addition to announcing zero-fee trading for coins like DOGE, Binance announced support for the Horizen (ZEN) network upgrade scheduled for December 6 at 1:00 PM ET. This update will affect deposits and withdrawals on the Horizen network for a short time. Additionally, Binance will support the BNB Smart Chain (BEP20) network upgrade and hard fork on December 7 at 11:00 UTC. Users should pay attention to wallet maintenance and suspension of deposits and withdrawals during these important times.
As Binance continues to adapt and improve its services, the crypto community is eagerly awaiting the market’s response to its zero-fee trading initiative and upcoming network upgrades for coins like DOGE. Stay tuned for further developments in the dynamic world of cryptocurrency trading.
