On Thursday, the world's largest crypto exchange Binance announced the introduction of commission-free trading of #Bitcoin #Ethereum with the newly added spot and margin stablecoin pairs $FDUSD . The decision comes after Binance stopped commission-free trading for all trading pairs except TrueUSD ($TUSD ) in late March, putting pressure on prices of cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH) ).
Binance aims to improve its market shares through the use of FDUSD. The exchange has added Bitcoin and Ethereum with FDUSD spot and margin trading pairs and introduced commission-free trading for the #BTC /#FDUSD pair. Users will be able to enjoy zero originator and taker fees for BTC/FDUSD spot and margin trading from 08:00 UTC on August 4th. Additionally, users will be able to trade ETH/FDUSD without creator fees, with the standard taker fee being applied according to the user's VIP level.
Trading volume on spot and margin BTC/FDUSD trading pairs is excluded from VIP volume calculations and all liquidity provider programs to provide users with a better trading experience.
Binance remains the leading exchange for Bitcoin trading. BTC/$TUSD and $BTC /USDT are the most traded pairs on Binance, accounting for 14.80% and 6.88% of trading volume respectively.
