The free #BTC trading promotion has ended, according to Binance, but it is still valid for the BTC/TUSD pair.
This decision caused the price of TRU to increase by more than 20% in less than an hour, despite the fact that Binance does not yet charge fees for trading Bitcoin, but does so for transactions involving Bitcoin and Tether USD. Binance launched free bitcoin trading with 13 distinct spot pairs to mark its fifth year of operation.
The amount of #bitcoin trading activity on the "pillar" exchange increased noticeably as a result of this technique, although Binance received a lot of flak for it. The floor has continued to charge 0 dongs despite this ever since. Nevertheless, on March 15, 2023, Binance unintentionally announced that free Bitcoin trading will end, with the exception of pairs that featured the #Stablecoins TrueUSD (TUSD).
Only the BTC/TUSD pair is currently free to spot; all other pairings will start imposing the standard transaction fee from 7:00 a.m. in 2023, March 22. This action shows that Binance has ended its affiliation with BUSD because to Paxos' legal concerns with US authorities and is "pivoting" to the stablecoin TUSD.
In the past, #Binance quickly produced a large number of #TUSD stablecoins and added TUSD to a number of trading pairs on the exchange. Despite the fact that this project is not truly "related" to TUSD, it just "used to be" a product of the TrueFi Protocol, the TRU token price of the TrueFi lending protocol also increased considerably. The price of TRU has increased after the exchange's announcement in less than an hour. TRU has increased by 18% over the past 24 hours and is currently trading at around $0.14.
