-
BTC 66,803.63 (+2.02%) -
ARS 1,097.80 (+0.95%) -
ETH 3,088.50 (+5.13%) -
SOL 167.67 (+5.63%) -
PEPE <0.01 (+1.29%) -
LINK 16.08 (+3.62%) -
DOGE 0.16 (+3.19%) -
WIF 2.81 (-1.11%) -
XRP 0.52 (+1.63%) -
NEAR 7.98 (-1.12%) -
BOME 0.01 (+7.99%) -
PEOPLE 0.05 (+5.10%) -
RUNE 6.81 (+5.80%) -
FTM 0.80 (-0.99%) -
FLOKI <0.01 (+2.66%) -
ENA 0.73 (+8.02%) -
ORDI 41.31 (+11.86%) -
AVAX 36.38 (+6.03%) -
RNDR 10.12 (-0.05%) -
AR 47.11 (+3.67%) -
WLD 4.94 (+1.44%) -
OP 2.57 (+8.89%) -
SUI 1.09 (+6.05%) -
JTO 4.66 (+1.88%) -
ADA 0.48 (+5.35%) -
ETHFI 3.50 (+8.36%) -
BONK <0.01 (+1.41%) -
ICP 13.06 (+7.92%)
Binance starts BTCFDUSD and ETHFDUSD trading pairs with zero fees
Published: 2023-08-03
1. Binance introduces BTC/FDUSD and ETH/FDUSD trading pairs with zero fees: - Binance,one of the largest cryptocurrency exchanges,has recently launched BTC/FDUSD and ETH/FDUSD trading pairs,allowing users to trade Bitcoin and Ethereum against FDUSD with zero fees. This move aims to provide more accessibility and convenience for traders,eliminating the additional transaction costs commonly associated with trading. - The introduction of these trading pairs reflects the growing demand for stablecoin trading on Binance and the wider cryptocurrency market. FDUSD is a stablecoin pegged to the US dollar,providing traders with a stable value amidst the volatility of cryptocurrencies like Bitcoin and Ethereum. - By offering zero fees for these trading pairs,Binance aims to attract more traders to its platform and increase liquidity for the BTC/FDUSD and ETH/FDUSD markets,further strengthening its position as a leading cryptocurrency exchange.
2. Impact of zero fees on cryptocurrency trading: - The introduction of zero fees for BTC/FDUSD and ETH/FDUSD trading pairs is expected to have a significant impact on the cryptocurrency trading ecosystem. It creates a more cost-effective environment for traders,encouraging higher trading volumes and potentially more efficient price discovery. - Zero fees can also lead to increased market liquidity as it removes barriers for traders to participate in the markets. This can enhance the overall trading experience by reducing slippage and improving order execution. - Moreover,the availability of FDUSD as a stablecoin trading option provides traders with an alternative to traditional fiat currencies for hedging against market volatility,promoting stability and confidence in the cryptocurrency space.
3. Competition and implications for other exchanges: - Binance's introduction of zero fees for BTC/FDUSD and ETH/FDUSD trading pairs could have implications for other cryptocurrency exchanges. It puts pressure on competitors to review their fee structures and explore ways to stay competitive amidst this market shift. - Exchanges that fail to adapt and provide cost-effective trading options may risk losing market share to platforms like Binance that offer zero-fee trading pairs. This emphasizes the importance for exchanges to continuously assess and meet the changing needs of traders in the cryptocurrency industry. Overall,Binance's move to introduce BTC/FDUSD and ETH/FDUSD trading pairs with zero fees is a significant development that will likely have a positive impact on traders,market liquidity,and competition within the cryptocurrency exchange landscape.
Reference: cointelegraph.com
The most traded coin
(Update every 1 hour)
| at | from | is ($US) | turnover ($) |
|---|---|---|---|
| 1 | BTC |
66,803.63 | 1,762,330,954.86 |
| 2 | ARS |
1,097.80 | 1,464,906,471.90 |
| 3 | ETH |
3,088.50 | 1,096,971,684.71 |
| 4 | SOL |
167.67 | 683,938,758.14 |
| 5 | PEPE |
<0.01 | 285,799,550.63 |
| 6 | LINK |
16.08 | 173,172,560.14 |
| 7 | DOGE |
0.16 | 162,409,739.41 |
| 8 | WIF |
2.81 | 152,236,260.27 |
| 9 | XRP |
0.52 | 150,555,487.58 |
| 10 | NEAR |
7.98 | 142,788,688.95 |
| 11 | BOME |
0.01 | 139,136,938.07 |
| 12 | PEOPLE |
0.05 | 135,161,028.67 |
| 13 | RUNE |
6.81 | 131,369,970.16 |
| 14 | FTM |
0.80 | 108,821,672.56 |
| 15 | FLOKI |
<0.01 | 106,905,241.62 |
| 16 | ENA |
0.73 | 100,653,600.35 |
| 17 | ORDI |
41.31 | 81,620,240.21 |
| 18 | AVAX |
36.38 | 80,861,177.16 |
| 19 | RNDR |
10.12 | 72,077,002.00 |
| 20 | AR |
47.11 | 64,104,791.01 |
| 21 | WLD |
4.94 | 60,192,754.17 |
| 22 | OP |
2.57 | 54,088,716.15 |
| 23 | SUI |
1.09 | 53,851,695.44 |
| 24 | JTO |
4.66 | 53,607,316.30 |
| 25 | ADA |
0.48 | 53,345,168.25 |
| 26 | ETHFI |
3.50 | 45,751,560.02 |
| 27 | BONK |
<0.01 | 45,464,781.41 |
| 28 | ICP |
13.06 | 44,696,194.66 |
Coins with rapidly rising prices
(Update every 1 minute)
| at | from | is ($US) | more (%) |
|---|---|---|---|
| 1 |  CREAM |
66.49 | +44.95 |
| 2 |  BICO |
0.55 | +15.64 |
| 3 |  ZRX |
0.57 | +15.42 |
| 4 |  GNO |
303.70 | +13.24 |
| 5 |  PENDLE |
4.81 | +12.99 |
| 6 | ORDI |
41.31 | +11.86 |
| 7 |  SSV |
39.96 | +11.43 |
| 8 |  LOOM |
0.09 | +10.79 |
| 9 |  POLYX |
0.42 | +10.29 |
| 10 |  LDO |
1.79 | +10.12 |
| 11 |  TRU |
0.12 | +10.04 |
| 12 |  RAY |
1.83 | +9.97 |
| 13 |  RSR |
<0.01 | +9.65 |
| 14 | OP |
2.57 | +8.89 |
| 15 |  DUSK |
0.33 | +8.68 |
| 16 |  BEL |
0.90 | +8.66 |
| 17 | ETHFI |
3.50 | +8.36 |
| 18 |  TIA |
9.66 | +8.18 |
| 19 | ENA |
0.73 | +8.02 |
| 20 | BOME |
0.01 | +7.99 |
| 21 |  YGG |
0.88 | +7.96 |
| 22 | ICP |
13.06 | +7.92 |
| 23 |  ENJ |
0.32 | +7.67 |
| 24 |  OMNI |
15.26 | +7.62 |
| 25 |  ROSE |
0.09 | +7.37 |
| 26 |  1000SATS |
<0.01 | +7.23 |
| 27 |  FIS |
0.52 | +6.92 |
| 28 |  BADGER |
4.38 | +6.83 |
| 29 |  PYR |
4.67 | +6.67 |
| 30 |  BETA |
0.07 | +6.61 |
The price of coins is falling rapidly.
(Update every 1 minute)
| at | from | is ($US) | reduce (%) |
|---|---|---|---|
| 1 |  HIGH |
4.64 | -3.27 |
| 2 |  BEAMX |
0.02 | -2.60 |
| 3 |  GMX |
29.95 | -1.42 |
| 4 | NEAR |
7.98 | -1.12 |
| 5 | WIF |
2.81 | -1.11 |
| 6 | FTM |
0.80 | -0.99 |
| 7 |  RLC |
3.28 | -0.94 |
| 8 |  RPL |
19.44 | -0.61 |
| 9 |  TAO |
382.70 | -0.57 |
| 10 |  UMA |
3.62 | -0.47 |
| 11 |  TRX |
0.12 | -0.46 |
| 12 |  LEVER |
<0.01 | -0.08 |
| 13 |  SYS |
0.19 | -0.05 |
| 14 | RNDR |
10.12 | -0.05 |
| 15 |  DEXE |
13.00 | -0.02 |
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