Поділитися цією статтею
Binance Boosts First Digital's Stablecoin With Zero Fees to Buy and Sell Bitcoin, Ether
The crypto exchange listed the Hong Kong-regulated First Digital's FDUSD stablecoin last week.
Binance, the world's largest crypto exchange, will open trading in bitcoin (BTC) and ether (ETH) with First Digital's FDUSD stablecoin with zero fees beginning tomorrow, according to a blog post.
More specifically, all trading fees will be waived for BTC/FDUSD, and maker fees will be 0% on ETH/FDUSD until further notice as part of Binance's campaign.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The listing comes as Binance is aiming to diversify trading volumes between stablecoin pairs following this year's regulatory clampdown on Binance USD (BUSD), with New York state regulators forcing BUSD issuer Paxos to halt issuing the stablecoin in February.
Following that action, Binance promoted trading with TrueUSD (TUSD) by waiving fees. TUSD trading volume mushroomed since and its market capitalization grew to nearly $3 billion.
Binance listed FDUSD on July 26 with zero trading fees to convert the token to other stablecoins including USDT and TUSD, indicating that the promotion would include all existing and new FDUSD trading pairs.
The FDUSD stablecoin is issued by a registered trust owned by First Digital under Hong Kong's digital asset rules.
Read more: First Digital Unveils USD Stablecoin as Hong Kong Crypto Rules Kick In
More For You
Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
What to know:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
Top Stories
