Fun

News Feed - 2023-08-03 08:08:16

Amaka Nwaokocha12 hours agoBinance starts BTC/FDUSD and ETH/FDUSD trading pairs with zero-feesUsers can trade ETH/FDUSD with zero maker fee, while the standard taker fee will apply based on the user’s VIP level.3530 Total views48 Total sharesListen to article 0:00NewsJoin us on social networksCrypto exchange Binance, on Thursday, Aug. 3, announced that it would be opening trading for the Bitcoin/First Digital USD (BTC/FDUSD) and Ether/First Digital USD (ETH/FDUSD) trading pairs alongside an updated zero-fee Bitcoin (BTC) and Ether (ETH) trading, with newly added FDUSD stablecoin spot and margin pairs.


Per the announcement, starting from 08:00 UTC on Aug. 4, users will benefit from zero maker and taker fees for BTC/FDUSD spot and margin trades through the Zero-Fee Bitcoin Trading Program. Additionally, users can trade ETH/FDUSD with zero maker fee, while the standard taker fee will apply based on the user’s VIP level.


The trading volume for BTC/FDUSD spot and margin trading pairs is not included in the VIP tier volume calculation or the Liquidity Providers programs, enhancing the trading experience for users.“BNB discounts, referral rebates, and any other adjustments will not apply to the BTC/FDUSD spot and margin trading pairs during the promotion.”


The recently introduced stablecoin, First Digital USD (FDUSD), scheduled to be listed on Binance on July 26, 2023, at 8:00 am UTC, was postponed until 2:00 pm UTC on July 26 due to FDUSD pairs’ liquidity providers experiencing technical issues.Screenshot of Binance’s announcement on the FDUSD pairs and zero-fee Bitcoin trading. Source: Binance


In March, Binance concluded its zero-fee Bitcoin trading program and Binance USD (BUSD) zero-maker fee promotion, shifting to the lesser-known TrueUSD (TUSD) stablecoin from BUSD. This change, along with the removal of Tether (USDT) from the zero-fee program, led to a significant drop in Binance’s market share and trading volumes by over 50%. Consequently, the prices of cryptocurrencies, such as BTC and ETH, remained under pressure after the alteration.


Related: Binance’s CZ warns crypto community about emerging scam


First Digital USD is backed by Hong Kong-based custodian and trust company First Digital. The group announced the launch of the United States dollar-pegged FDUSD on June 1. FDUSD’s market cap of $257 million is still low compared to other stablecoins, such as USDT, TUSD, BUSD and TerraClassicUSD (USTC). Thus, it will not have much impact on the crypto market now, but minting new FDUSD amid demand from Binance can cause a significant boost in market cap.


Collect this article as an NFTto preserve this moment in history and show your support for independent journalism in the crypto space.


Magazine:Multichain saga screws users, Binance fires 1,000 staff: Asia Express# Blockchain# Cryptocurrencies# Business# Cryptocurrency Exchange# Tokens# Binance# StablecoinAdd reactionAdd reactionRelated NewsHow to track and report crypto transactions for tax purposesHow will Bitcoin halving affect BTC price, and is DeFi dead?Worldcoin: Should you let Sam Altman scan your eyeballs for WLD?Binance halts deposit and withdrawal support for some Multichain-bridged tokensXRPL grows in Q2 despite SEC lawsuit concerns: ReportSEC, Binance unite against Eeon’s lawsuit intervention

News Feed

Solana Holds Bullish Pattern – Expert Sets $140 Target
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Bob Baxley58 minutes agoEthereum is about to get crushed by liquid staking tokensThe popularity of liquid staking tokens could usher in a new age for Ethereum and the rest of cryptocurrency — and play a key role in the
Texas Lawmakers Introduce Bill Proposing to Establish a Gold-Backed Digital Currency
Texas Lawmakers Introduce Bill Proposing to Establish a Gold-Backed Digital Currency Two Republican lawmakers from Texas, senator Bryan Hughes and representative Mark Dorazio, have
US authorities arrest and charge new figure in OneCoin scheme — Who is William Morro?
Turner Wright7 hours agoUS authorities arrest and charge new figure in OneCoin scheme — Who is William Morro?Reports suggested that the latest individual to be charged in connection to the crypto scheme was associated
Despite Crypto Market Rout, Total Value Locked in Cross-Chain Bridges Jumps 9% in 30 Days
Despite Crypto Market Rout, Total Value Locked in Cross-Chain Bridges Jumps 9% in 30 Days 30 days ago on October 28, the total value locked (TVL) in cross-chain bridges to Ethereum
Helen Partz10 hours agoWhat bear market? These crypto websites see traffic rising in 2023Crypto exchanges HTX (formerly Huobi) and OKX have seen their traffic surging 200% and 185% YTD, respectively.4949 Total views32 To
Amaka Nwaokocha10 hours agoBinance’s zero-fee Bitcoin update could echo March market downturnIn an official statement, cryptocurrency exchange Binance unveiled its plans to implement updates to its zero-fee Bitcoin tra
Crypto Exchange With Belarusian Roots Halts Operations for Russian Users
Crypto Exchange With Belarusian Roots Halts Operations for Russian Users Currency.com, a crypto exchange founded and initially licensed in Belarus, has suspended operations for Rus
Stablecoin Economy Is $10 Billion Away From Reaching a $200 Billion Market Cap
Stablecoin Economy Is $10 Billion Away From Reaching a $200 Billion Market Cap The stablecoin economy has grown during the last month as the market capitalization is now only $10 b
Chinese Government Launching National Blockchain Innovation Center
Chinese Government Launching National Blockchain Innovation Center The Chinese government is setting up a national blockchain innovation center in Beijing to focus on industrial ap
US Housing Market: Economist Says Stellar Data Won't Stop Recession
The US housing market continues to mystify investors as they scrutinize economic data in search of a smoking gun that will vindicate - or vanquish - fears that the US economy is on the brink of a recession.
Tom Blackstone3 hours agoCrypto funds see largest weekly inflows in more than a year: CoinSharesCrypto exchange-traded products saw $326 million in inflows during the week ending Oct. 27, according to a report from CoinS