The exchange made explicit that TRY is a fiat currency to avoid any potential confusion with digital assets. While the majority of the attention is likely to focus on FDUSD pairs, Binance has also introduced two new trading pairs with TRY (Turkish Lira)-TOMO/TRY and UNFI/TRY. It remains to be seen how long this incentive will remain in effect and what impact it will have on FDUSD’s market activity. While other competitors like Coinbase have previously employed the ‘zero fee’ tactic, the temporary nature of Binance’s offer leaves traders eager yet cautious. Okoth identified a bullish crossover in the. The Allure of Zero Maker Feesīinance has further sweetened the pot by announcing zero maker fees for the new FDUSD trading pairs, a strategy that has historically proven successful in boosting liquidity. XRP price needs to sustain its bullish momentum to breach several resistance levels to hit the 0.8193 target. Available on both Ethereum and BNB Chain Networks, this stablecoin is set to see significant valuation gains, thanks in part to Binance’s latest move. Despite its recent entry, FDUSD has already become the 11th largest stablecoin by market capitalization, currently valued at approximately $393.7 million. The burning question now: Will this new trading pair serve as a catalyst for an XRP resurgence? A Closer Look at FDUSDįDUSD-short for First Digital USD-is a dollar-pegged stablecoin launched in June by Hong Kong-based custodian firm, First Digital. As of press time, XRP is trading at a cautious $0.503, marking a slight 0.4% dip over the last 24 hours. According to reports, Ripple, the company behind XRP, earned more than 1 billion in profit. With the XRP/FDUSD trading pair now in the lineup, Binance offers a grand total of 14 spot trading pairs for XRP, encompassing crowd favorites like XRP/USDT and XRP/BTC. Binance, the world’s largest crypto exchange, temporarily disabled all crypto withdrawals for a time on Monday due to a large. This move comes on the heels of mounting purchasing activity for XRP on Binance, positioning the cryptocurrency just a shade behind Coinbase. Both of these have similar mechanisms for operation, as they take little time to transfer and have little to no fees. But while Stellar is open to the public, Ripple is mainly for banks and financial institutions.
Effective September 7, 2023, at 08:00 UTC, the new pairs will include Dogecoin (DOGE), Solana (SOL), TomoChain (TOMO), Unifi Protocol DAO (UNFI), and, most notably, Ripple’s XRP-all with FDUSD, a newly introduced stablecoin. Ripple (XRP) and Stellar (XLM) are two valuable cryptocurrencies that support the transfer of currency between parties and borders.
In order to be eligible to receive the SGB airdrop, the minimum amount of XRP held in each user’s Binance account must be at least 10 XRP (including those in trade orders). Binance-the global leader in cryptocurrency trading volume-has expanded its menu of trading pairs. Snapshots were taken at the first validated XRP ledger index number with a timestamp greater than or equal to 00:00 (UTC).
0 kommentar(er)
