Binance Adds New Trading Pairs on TUSD, Offers Zero Maker Fees on ARB/TUSD and ID/TUSD
Binance has announced the opening of several new trading pairs on its platform. In a statement released on March 24, the exchange revealed that it would now support trading pairs for ARB/TUSD, ARB/EUR, ARB/TRY, ID/TUSD, ID/EUR, and ID/TRY.
According to the announcement, users will enjoy zero maker fees on the ARB/TUSD and ID/TUSD trading pairs until further notice. Additionally, the exchange noted that EUR and TRY are fiat currencies and do not represent any other digital currencies.
The move by Binance to introduce new trading pairs comes as the exchange swaps out its BUSD holdings in its Secure Asset Fund for Users (SAFU) for TUSD and USDT. This follows a recent announcement by Paxos, the issuer of BUSD, that it would no longer be minting new tokens, leading to a decrease in BUSD market capitalization over time.
Binance has also made updates to its zero-fee Bitcoin trading program and BUSD zero maker fee promotion, effective from March 22 until further notice. Under the program, users can trade Bitcoin with zero maker and taker fees for the BTC/TUSD spot trading pair.
While the cryptocurrency industry continues to grow, Binance has maintained its position as one of the leading exchanges in the space. With the introduction of new trading pairs and updates to existing programs, the exchange is continuing to make efforts to improve the trading experience for its users.
The move by Binance to introduce trading pairs for ARB/TUSD, ARB/EUR, ARB/TRY, ID/TUSD, ID/EUR, and ID/TRY, is expected to be well received by the cryptocurrency community. As the industry continues to mature, it’s likely that we’ll see more exchanges make similar moves in order to remain competitive in an increasingly crowded market.
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