Binance updates zero-fee Bitcoin trading program

On 4 August at 11:00 (Kyiv/Moscow time), the crypto exchange Binance will add a BTC/FDUSD pair, for which zero-fee spot and margin trading will be available.

The platform will also list the ETH/FDUSD pair, with zero fees applying only to makers.

The promotion will run until the exchange issues further notice.

FDUSD is a US dollar–backed stablecoin launched by the Hong Kong-based First Digital Labs. The coin is available on the Ethereum and BNB Chain networks. According to CoinGecko, at the time of writing its 24-hour trading volume stands at $39 million.

Binance listed the stablecoin on 26 July and briefly removed fees in the BNB/FDUSD, FDUSD/BUSD and FDUSD/USDT pairs.

In 2022, Binance had already introduced zero-fee trading in 13 BTC pairs in celebration of its anniversary.

The same promotion for BTC/TUSD was initiated by the platform in March 2023.

In August, Binance chief Changpeng Zhao criticised the stablecoin USDT, calling it a ‘black box’ with a ‘certain’ level of risk. He said that his platform is working on an algorithmic ‘stablecoin’ and expanding partnerships with other issuers to diversify.