{"id":23134,"date":"2024-06-20T13:00:15","date_gmt":"2024-06-20T10:00:15","guid":{"rendered":"https:\/\/coinengineer.io\/?p=23134"},"modified":"2024-06-20T12:06:03","modified_gmt":"2024-06-20T09:06:03","slug":"fdusd-trading-dynamics-shift-after-binance-update","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/fdusd-trading-dynamics-shift-after-binance-update\/","title":{"rendered":"FDUSD Trading Dynamics Shift After Binance Update"},"content":{"rendered":"<p>Binance changed yet another element of their spot fee tiering at the end of April. Binance recently stopped running a &#8220;zero trading fee&#8221; campaign for various pairings.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/fdusd-trading-dynamics-shift-after-binance-update\/#FDUSDs_Market_Performance_Post-Update\" title=\"FDUSD&#8217;s Market Performance Post-Update\">FDUSD&#8217;s Market Performance Post-Update<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/fdusd-trading-dynamics-shift-after-binance-update\/#Comparing_BTCFDUSD_and_BTCUSDT_Trading_Volumes\" title=\"Comparing BTC\/FDUSD and BTC\/USDT Trading Volumes\">Comparing BTC\/FDUSD and BTC\/USDT Trading Volumes<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FDUSDs_Market_Performance_Post-Update\"><\/span>FDUSD&#8217;s Market Performance Post-Update<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>We have discussed Binance and <strong>FDUSD<\/strong> (First Digital USD) in the past since Binance seemed to relist the stablecoin in an effort to replace BUSD following its shutdown. Initially listed with advantageous fee rates, the pairs with <strong>FDUSD<\/strong> are drumming excitement for the stablecoin, which it previously delisted in favor of their own stablecoin. Most importantly, <strong>BTC\/FDUSD<\/strong> was free to trade.<\/p>\n<p>BTC\/TUSD became the only free way to trade bitcoin on the biggest crypto exchange when taker fees were reinstated on that pair. This helped bring the quite tiny stablecoin to the front stage.<\/p>\n<p>December looks to be when Binance made several other significant <strong>FDUSD<\/strong> pairings also free to trade under a more general campaign.<\/p>\n<p>With pairings of the stablecoin accounting for over 35% of spot trading on the market in April, <strong>FDUSD<\/strong> kept becoming more and more popular on the exchange, surpassing the peak reached by TUSD, which was Binance&#8217;s past effort at a successor to BUSD. BUSD pairs accounted for 39% of volume on the exchange in December 2022; <strong>FDUSD<\/strong> was showing to be a suitable rival, accumulating dominance in a far shorter period.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Comparing_BTCFDUSD_and_BTCUSDT_Trading_Volumes\"><\/span>Comparing BTC\/FDUSD and BTC\/USDT Trading Volumes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>But on April 25, Binance stopped the zero-charge <strong>FDUSD<\/strong> trading offer for the pairs made free to trade in December as well as for bitcoin. All the pairs still have a zero-maker fee promotion; TUSD has a comparable offer.<\/p>\n<p>Although the dominance of <strong>FDUSD<\/strong> has been declining since the completion of the campaign, it still remains somewhat notable.<\/p>\n<p>Still, the popularity of BTC and <strong>FDUSD<\/strong> seems to be not fading. In the past 24 hours, the pair did $4.5 billion in activity, compared to BTC\/USDT&#8217;s $2.5 billion and BTC\/TUSD&#8217;s $9.6 million. For other spot assets, however, the USDT\/USD pairs rule.<\/p>\n<p>Due to the no-maker fee, trading in many <strong>First Digital USD<\/strong>\u00a0pairings still somewhat favors you, but it is not as big a pull. The bigger and more well-known stablecoin is USDT, which has maintained favoritism even without any incentives.<\/p>\n<p>Though it&#8217;s unknown how much of Binance&#8217;s volume originates from the European Union, USDT pairs could eventually face pressure in the EU on the exchange as it looks to comply with the MiCA rule.<\/p>\n<p>Still, it seems that <strong>First Digital USD<\/strong> was not substantially affected by the termination of free trade.<\/p>\n<p>&nbsp;<\/p>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance changed yet another element of their spot fee tiering at the end of April. Binance recently stopped running a &#8220;zero trading fee&#8221; campaign for various pairings. FDUSD&#8217;s Market Performance Post-Update We have discussed Binance and FDUSD (First Digital USD) in the past since Binance seemed to relist the stablecoin in an effort to replace<\/p>\n","protected":false},"author":6,"featured_media":23135,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[22,1910,3506],"class_list":["post-23134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-binance","tag-fdusd","tag-first-digital-usd"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FDUSD Trading Dynamics Shift After Binance Update - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/fdusd-trading-dynamics-shift-after-binance-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FDUSD Trading Dynamics Shift After Binance Update - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Binance changed yet another element of their spot fee tiering at the end of April. Binance recently stopped running a &#8220;zero trading fee&#8221; campaign for various pairings. 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