Binance has announced updates to its zero-fee Bitcoin trading program and BUSD zero maker fee promotion. The changes will be effective from 2023-03-22 00:00 (UTC) and will be valid until further notice.

Under the updated fee structure, users will still be able to enjoy zero maker and taker fees when trading BTC on the BTC/TUSD spot trading pair. However, for all other trading pairs, standard maker and taker fees will apply as per the user’s VIP level.

The BUSD zero maker fee promotion will also be updated, with the BNB/BUSD, BTC/BUSD, and ETH/BUSD spot and margin trading pairs being excluded. All other BUSD spot and margin trading pairs will not be affected by the change.

From 2023-03-22 00:00 (UTC), the calculation of maker fee and taker fee rebates will resume for the spot and margin pairs specified above. Additionally, the corresponding trading volume on the above BTC spot and margin trading pairs will count towards VIP tier calculation and all Liquidity Provider programs.

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 programs will be measured by Binance at its sole and absolute discretion.

It’s important to note that Binance reserves the right to cancel or amend the program or program rules at its sole discretion. If any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

The changes to Binance’s zero-fee Bitcoin trading program and BUSD zero maker fee promotion will be effective from 2023-03-22 00:00 (UTC) and will be valid until further notice. Users should refer to the VIP tier fee structure for more details on standard trading fees that apply after the programs end.

#Binance #BNB #TUSD #TRU #CZBINANCE

This article was republished from azcoinnews.com

The $2 billion in reserves that support Archblock's stablecoin TrueUSD are under its management (TUSD). Following the reserve transfer, Capital Union Bank now has more than $1.4 billion, according to a real-time attestation released on Wednesday by a reputable accounting company. From $438 million on March 10, this is an increase.

As New York-based Signature Bank, formerly Archblock's biggest banking partner, was unceremoniously shut down by US regulators two days later, Archblock started transferring money. It has no funds with Signature Bank at the moment.

After it was successful in establishing a name for TrueCurrencies, Archblock was established in 2017 under the name "TrustToken" (TUSD). TrustToken decided in September 2022 to concentrate on the development of #DeFi products for companies and financial institutions under the new brand name of Archblock.

According to Alex de Lorraine, chief operating and finance officer of Archblock, the decision to transfer money to Capital Union in recent days was brought on by deteriorating banking conditions for money businesses dealing in electronics in the US.

As previously noted, US regulators forced the closure or voluntary dissolution of Silvergate Bank, Silicon Valley Bank, and Signature Bank this month. In an effort to safeguard their assets and enable consumer money transfers, many digital asset companies are now in a precarious position.

Following the disclosure that it had deposited $3.3 billion in Silicon Valley Bank, Circle Internet Finance Ltd. witnessed the greatest dollar value loss in the history of its USDC token.

Prior to that, Capital Union also collaborated with Tether, a cryptocurrency whose primary cash reserves are kept in Bahamas-based banks. Customers can deposit and trade digital assets in the same account as fiat money or other assets at the well-known crypto business partner, Capital Union Bank.

The decentralized lending technology TrueFi's governance token, TRU, has increased by more than 200% recently. This was spurred by a flood of rumors regarding Binance stablecoins.

The largest #cryptocurrency exchange in the world, Binance, created $50 million worth of the stablecoin TrueUSD (TUSD). After the regulatory crackdown on Binance USD (BUSD) issued by Paxos, the event has led to discussion among cryptocurrency investors about TUSD possibly playing a larger role in trading on the Binance exchange.

For many investors, it is necessary to clarify that this FOMO token TRU. #TRU and #TUSD are distinct. In particular, TrustToken, the company that created #TrueUSD and TRU, split them off in the past.

As a result, TRU's price immediately reached its previous level. The token is currently being traded for $0.97.