We are trying to make the Binance SQUARE Platform more valuable and attentive for you. Here are the details of our news;
Binance made a change in spot transaction fees at the end of April and stopped the "zero transaction fee" campaign for various parities.
Market Performance of FDUSD After Update
We have previously talked about Binance and FDUSD (First Digital USD) because Binance was trying to relist this stablecoin following the closure of BUSD. FDUSD pairs, which were first listed with advantageous fee rates, were creating excitement for this stablecoin. Previously, Binance removed FDUSD from the list, preferring its own stablecoin. Most importantly, BTC/FDUSD transactions were free.
When BTC/TUSD became the only free way to trade bitcoin on the largest crypto exchange, it brought this small stablecoin to the forefront.
In December, Binance appears to have made some of its FDUSD pairs free as part of a more general campaign.
While stablecoin pairs accounted for more than 35% of transactions in the spot market in April, FDUSD became even more popular on the exchange, surpassing the peak period of TUSD, which Binance offered as an alternative to BUSD. In December 2022, BUSD pairs accounted for 39% of the trading volume on the exchange. FDUSD has shown itself to be a strong competitor by becoming dominant in a much shorter period of time.
Comparison of BTC/FDUSD and BTC/USDT Transaction Volumes
However, on April 25, Binance discontinued offering zero-fee trading for FDUSD and free-to-fee pairs for Bitcoin. All pairs still have the zero maker fee promotion; TUSD also has a similar offer.
Although FDUSD's dominance has decreased since the end of the campaign, it is still quite noticeable.
Still, the popularity of BTC and FDUSD does not seem to be decreasing. In the last 24 hours, the BTC/FDUSD pair made a trading volume of $4.5 billion; This is quite high compared to BTC/USDT's $2.5 billion trading volume and BTC/TUSD's $9.6 million trading volume. However, for other spot assets, USDT/USD parities are dominant.
Due to the zero maker fee, trading many FDUSD pairs still offers some upside, but it's not a huge draw. The larger and better-known stablecoin USDT maintains its dominance even without incentive.
While it is unknown how much of Binance's volume comes from the European Union, USDT pairs may face pressure on the exchange to comply with the MiCA rule.
Still, FDUSD appears to be largely unaffected by the end of free trading.
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Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can fix it in 5 seconds.
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WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
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BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. DON'T FORGET TO FOLLOW IF YOU HAVE NOT FOLLOWED YET. KIND REGARDS.
