LIVEBinance Announces Updates to FDUSD Zero-Fee Trading Promotion
Effective Date: April 25, 2024, 6:00 UTC
Update Summary: Binance has issued an official announcement regarding an update to their ongoing FDUSD zero-fee trading promotion. This update will specifically affect regular users and VIP level 1 users on the platform.
Changes Implemented: Commencing on the designated date, standard trading fees will be reintroduced for these user groups when trading select FDUSD spot and margin trading pairs. This includes prominent assets such as BTC/FDUSD, BNB/FDUSD, ETH/FDUSD, and others.
Potential Implications:
VIP Tier Progression Incentive: This adjustment could serve as a strategic nudge to encourage users to elevate their trading activity and unlock the benefits associated with higher VIP tiers (2-9) which continue to offer zero fees for the aforementioned FDUSD pairs.
Revenue Stream Optimization: Reinstating standard fees might be a calculated move to optimize Binance's overall revenue generation.
Considerations for Impacted Users:
Alternative Trading Pair Evaluation: A prudent approach would be to explore alternative trading pairs not encompassed by this update that might offer lower fees.
Increased Trading Volume Strategy: Users may consider strategically increasing their trading volume to potentially reach VIP tier 2 or above, thereby regaining access to zero fees for these FDUSD pairs.
Comparative Analysis of Cryptocurrency Exchanges: Conducting thorough research on alternative cryptocurrency exchanges that potentially offer more competitive fee structures for FDUSD trading could be beneficial.
Recommendation: For users potentially impacted by this update, it is highly advisable to perform a comprehensive comparison of fee structures and ongoing promotions across various exchanges before implementing any significant alterations to their established trading strategies.
LIVE
As Binance conducts regular reviews of its promotion offerings to provide users with the most value and competitive services, Binance will be updating its FDUSD Zero Trading Fee Promotion for regular and VIP 1 users at 2024-04-25 06:00 (UTC).
Key Updates:
Starting from 2024-04-25 06:00 (UTC), standard taker fees will apply to regular and VIP 1 users when they trade selected FDUSD spot and margin trading pairs (i.e., BTC/FDUSD, BNB/FDUSD, DOGE/FDUSD, ETH/FDUSD, LINK/FDUSD, SOL/FDUSD, and XRP/FDUSD). The trading volume of the aforementioned spot and margin trading pairs will count toward regular and VIP 1 users’ VIP tier volume calculation effective from 2024-04-25 06:00 (UTC).
Fee Structure:
Spot & Margin Trading PairsUser TypeMaker FeeTaker FeeVIP Tier Trading Volume CalculationSpot Liquidity Program Volume Calculation and RebatesEffective PeriodBTC/FDUSD, BNB/FDUSD, DOGE/FDUSD, ETH/FDUSD, LINK/FDUSD, SOL/FDUSD, and XRP/FDUSD Regular 0%0.100%Included ExcludedFrom 2024-04-25 06:00 (UTC) VIP 1 0%0.100%VIP 2 - 9 and Spot Liquidity Providers0%0%ExcludedExcludedUntil further notice
Notes:
VIP 2-9 users and Spot Liquidity Providers of all VIP levels will continue to enjoy zero trading fees when trading on the aforementioned FDUSD spot and margin trading pair(s) until further notice, as per the table above. The trading volume generated on selected FDUSD spot and margin trading pairs will continue to be excluded from VIP 2-9 users’ VIP tier volume calculations.Please note that trades on the aforementioned FDUSD spot and margin trading pairs will remain excluded from the Spot Liquidity Provider program’s volume calculation and rebates during the promotion period regardless of the Spot Liquidity Provider's VIP level.
For More Information:
Binance Launches Zero-Fee Trading for Six FDUSD Spot and Margin Trading PairsFDUSD Official WebsiteFDUSD Research ReportFDUSD Contract Addresses - Ethereum, BNB Smart Chain
Terms & Conditions:
Users’ spot and margin trading volumes will be tabulated between 05:00 (UTC) and 09:00 (UTC) daily. Please note that VIP tier and/or fee adjustment timings may differ from the timing when users’ spot and margin trading volumes are tabulated.Binance reserves the right to disqualify trades that are deemed to be wash trades or illegally bulk account registrations, as well as trades that display attributes of self-dealing or market manipulation.All trading volume and metrics related to the promotion are measured by Binance at its sole and absolute discretion.Standard trading fees will apply to VIP 2-9 users and Spot Liquidity Providers after the promotion ends. Please refer to the spot and margin trading fee structure for more details.The above spot and margin trading pairs will be excluded from BNB fee discounts, fee rebates or any other form of fee adjustments or fee promotions for VIP 2-9 users and Spot Liquidity Providers.The calculation of VIP 2-9 users and Spot Liquidity Providers’ maker fee and/or taker fee rebates for all spot and margin trading pairs under the promotion will resume when the promotion ends, subject to further updates.Users may refer to this page for more information on promotional spot and margin trading pairs.Binance reserves the right to amend or terminate this promotion at its sole discretion due to important reasons, including but not limited to:Changes in applicable regulations or policies;Obligations arising out of law or decisions issued by common courts or public administration;Anti-money laundering or combating financing terrorism rules;Technical issues beyond our control;Necessity to protect users from potential losses;Necessity to protect Binance from the loss of reputation;Extraordinary events or circumstances beyond our control (force majeure).Refer to the VIP and Institutional Services page for more details.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-04-17
Note: This announcement was last updated on 2024-04-19 to clarify that starting from 2024-04-25 06:00 (UTC), standard taker fees and zero maker fees will apply to regular and VIP 1 users.
