Binance, the world’s largest cryptocurrency exchange by volume, announced today that it has added new trading pairs for altcoins and launched Trading Bots services. Moreover, the cryptocurrency exchange indicated that it will offer a zero-fee promotion for altcoins such as Shiba Inu (SHIB), Injective (INJ), and The Sandbox (SAND).
The cryptocurrency exchange Binance officially announced today that a zero-fee trading period will be initiated for three FDUSD spot trading pairs. Starting from 11:00 AM (local time) on December 14, Binance users will be able to trade with zero fees on SHIB/FDUSD, INJ/FDUSD, and SAND/FDUSD trading pairs. Zero-fee trading will only apply to market maker orders.
Binance also reported that starting from 11:00 AM (local time) on December 14, trading for three new spot trading pairs, FIDA/TRY, IOTA/TRY, and MEME/ETH, will be opened.
In addition to all this, the cryptocurrency exchange will enable Trading Bots services for BLUR/USDT, JTO/USDT, and VANRY/USDT trading pairs. Users will be able to activate Spot Grid, Spot DCA, and Rebalancing Bot for these trading pairs starting from 11:00 AM (local time) on December 14.
It is a known fact that an altcoin’s listing on Binance provides significant support for that altcoin. A similar situation is observed for altcoins that are offered zero-fee trading support. On December 5, Binance announced the start of zero-fee trading for several altcoins including Ethereum (ETH), XRP (XRP), BNB (BNB), Solana (SOL), Dogecoin (DOGE), and Chainlink (LINK). Following the announcement, an upward movement was observed in the mentioned altcoins.
On the other hand, Binance is preparing to distribute $500,000 worth of cryptocurrency ranging from 1 SHIB to 1 BTC. To get a share from the free cryptocurrency distribution, a user only needs to make a single swap using the Binance Web3 Wallet that was launched in November of this year. The lower limit for this swap is set at 0.00000936 dollars (1 SHIB), while the upper limit is 41,000 dollars (1 BTC).
