- Binance will offer zero trading fees on six FDUSD trading pairs including Ethereum, XRP, BNB, Solana, Dogecoin, and Chainlink.
- This phase starts on December 8th, 2023, and may lead to increased trading volumes and potential price surges for these cryptocurrencies.
Binance faced a bit of regulatory setbacks in November. These setbacks included billions of dollars in fines, a step-down of its former CEO and a complete exit from the US market.
However, Binance, being the largest crypto exchange in the world, isn’t letting any of this stop it.
The exchange has now announced a recent development that may see six of the most popular cryptocurrencies surge very soon, and here is everything you should know:
Binance Announces Zero Trading Fees On Six Cryptocurrencies
Due to its regulatory challenges, Binance has been forced to delist its Binance USD stablecoin, BUSD.
The exchange introduced the new FDUSD stablecoin as a replacement for BUSD.
In a recent announcement, Binance mentioned that starting this weekend on 8 December, it will be offering zero trading fees on six FDUSD trading pairs, including Ethereum, XRP, Solana, Dogecoin and Chainlink.
This means that starting on Friday, December 8, 2023, at 00:00 UTC (and until further notice), users can now trade these pairs on Binance and will not be charged for making or executing orders.
The trading volumes on these cryptocurrencies are expected to rise as of Friday this week.
A rise in trading volumes is expected to bring in a price rise, and you as an investor, should be prepared.
What Are The Chances Of Ethereum And The Others Rallying?
At the time of writing, Ethereum currently trades at around $2,206. is down by about 0.3% over the last 24 hours, but up by nearly 10% over the last week.
There is a strong chance that Ethereum will rally further up to hit $2,500 as from Friday when the rush begins.
XRP on the other hand, currently trades at around $0.61 at the time of writing. It is up by about 0.49% in the last 24 hours, and up by about 0.6% in the last 7 days. However, there is a strong chance of a rally to as high as $0.7 over the coming days.
BNB in contrast, is doing slightly better than the others. It currently trades at around $229.98 and is also up by 1.83% in the last week.
There is a chance of an even stronger rally on BNB, to anywhere between $250 and $260.
Solana trades at around $60 and is down by 0.7% in the last 24 hours. However, in the last week, Solana is also up by 8.59%. To break into a bullish move, Solana still has to break above its previous local high at around $68. However, a rally as high as $75 is still very possible.
Dogecoin is the best-performing cryptocurrency so far, and is up by 2% over the last day, after hitting $0.089. It is up by more than 10% over the last week and has a strong chance of rallying as high as $0.1 if a strong rally occurs.
Chainlink currently trades at $15.4. It is down by about 1.4% over the last day, and up by nearly 10% over the last week. Chainlink has some pretty strong prospects ahead of it in the coming days, and can even possibly hit $20 if the bulls show enough strength.
Overall, these six cryptocurrencies are the most poised to make bullish waves over the coming weeks as investors struggle to trade as much as they can on Binance.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.