Binance Frees Trading ETH, XRP, And DOGE
JAKARTA - Binance, the world's largest crypto exchange, provides convenience for its users by offering free-cost trading, aka free for six pairs of spot trading and FDUSD margins. This promo is valid from December 8 to an undetermined time, in response to the ongoing surge in crypto markets.
Six crypto pairs that can be enjoyed by free trading are Ethereum, XRP, BNB, Solana, Dogecoin, and Chainlink. These pairs have the codes "BNB/FDUSD, DOGE/FDUSD, ETH/FDUSD, LINK/FDUSD, SOL/FDUSD, and XRP/FDUSD".
With this promo, users do not need to pay the creator fees and takers for these pairs. However, the trading volume in these pairs will not be calculated in the calculation of VIP level volume and Liquidity Provider programs.
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These pairs also did not get a BNB discount and other fee adjustments. Standard trading costs will be in effect again after the promo ends.
In addition, Binance also provides an hour-long reduction in interest costs for various crypto couples on margin trading until December 18 at UTC. One of the crypto pairs that received a reduction in interest costs was XRP, which is currently trading at US$0.62 (Rp9,610) and experiencing an increase in trading volume, despite a 1% drop in the last 24 hours.
This move marks Binance's efforts to stay competitive amid fierce competition in the global crypto market. By offering free trading for FDUSD pairs, it is hoped that it can attract more traders and expand Binance's market share amid the ongoing crypto market turmoil.