Fellow Binancians,
Binance will open trading for the BNB/TUSD, BTC/TUSD, ETH/TUSD, TUSD/USDT, USDC/USDT and USDP/USDT spot trading pairs at 2023-03-11 14:00 (UTC).
With effect from 2023-03-10 23:30 (UTC), 2023-03-11 02:35 (UTC), 2023-03-11 06:00 (UTC) respectively, Binance has stopped/will stop BUSD Auto-Conversion for users' new deposits of USDC, USDP and TUSD respectively, and users will no longer be able to withdraw USDC, USDP or TUSD from their BUSD balances.
Any users who wish to convert their BUSD balances to USDC or USDP at a 1:1 ratio may do so manually on Binance Convert till 2023-03-18 06:00 (UTC). Any users who wish to convert their BUSD balances to TUSD at a 1:1 ratio may do so manually on Binance Convert till 2023-03-30 06:00 (UTC). Do note that manual conversion can only be done from BUSD to TUSD, USDC or USDP in the convert portal, not the other way around.
Fee Promotion
Binance will be introducing two promotions for selected spot and margin trading pairs. Effective from 2023-03-11 14:00 (UTC), users can enjoy discounted trading fees on the following spot and margin trading pairs: BNB/TUSD, BTC/TUSD, ETH/TUSD, TUSD/USDT, USDC/USDT and USDP/USDT.
Fee Structure:
Promotion A: Zero Trading Fee on BTC/TUSD Pair, and Zero Maker Fee on BNB/TUSD & ETH/TUSD Pairs
Promotion Period: From 2023-03-11 14:00 (UTC) until further notice
During the promotion period, users will enjoy zero maker and taker fees on the BTC/TUSD spot and margin trading pair, and zero maker fee on the BNB/TUSD and ETH/TUSD spot and margin trading pairs. Standard taker fees on the BNB/TUSD and ETH/TUSD spot and margin trading pairs apply as per user’s VIP level.
During the promotion period, trading volume on the BTC/TUSD spot and margin trading pair will be excluded from the VIP-tier volume calculation and all Liquidity Providers program.
BNB discounts, referral rebates, and any other adjustments will not apply to the BTC/TUSD spot and margin trading pair during the promotion.
Standard trading fees apply after the promotion ends. Please refer to the VIP tier fee structure for more details.
Promotion B: Zero Trading Fee on USD Stablecoin Trading Pairs
Promotion Period: From 2023-03-11 14:00 (UTC) until further notice
During the promotion period, users will enjoy zero trading fees on the TUSD/USDT, USDC/USDT and USDP/USDT spot and margin trading pairs.
During the promotion period, trading volume on the selected USD stablecoin spot and margin trading pairs will be excluded from the VIP-tier volume calculation and all Liquidity Providers program.
BNB discounts, referral rebates and any other adjustments will not be applied to the selected USD stablecoin spot and margin trading pairs during the promotion.
Standard trading fees apply after the promotion ends. Please refer to the VIP tier fee structure for details.
Terms & Conditions:
Binance reserves the right to disqualify trades that are deemed to be wash trades or illegally bulk registered accounts, as well as trades that display attributes of self-dealing or market manipulation.
All trading volume and metrics related to the program are measured by Binance at its sole and absolute discretion.
Calculation of maker fee and taker fee rebates will resume at the end of the above promotions where applicable, subject to further updates.
Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Thanks for your support!
Binance Team
2023-03-11
Trade on-the-go with Binance’s crypto trading app (iOS/Android)
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Note: This announcement was last updated on 2023-05-04 to include margin trading pairs in the two fee promotions. This announcement was last updated on 2023-03-20 to clarify that users may convert their BUSD balances to TUSD at a 1:1 ratio manually on Binance Convert till 2023-03-30 06:00 (UTC).
Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Risk Warning: Digital asset prices are subject to high market risk and price volatility. The value of your investment can go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.
