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The top cryptocurrency exchange Binance has recently announced exciting new updates to its platform, aiming to provide improved support for Cardano (ADA) and Litecoin (LTC).
In a calculated move to bolster its service offering, Binance has decided to kick-start trading services for three new pairs: ADA/TUSD, LTC/TUSD, and TUSD/BUSD, commencing at 8 AM (UTC) on May 31, 2023.
Broadening the Scope of Cryptocurrency Trading
In an attempt to widen its market influence, Binance is set to launch a new feature: Spot Grid trading for ADA/TUSD, LTC/TUSD, and TUSD/BUSD pairs. This rollout is expected to commence within two days of the initial trading start time.
One of the noteworthy components of this new development includes an attractive fee structure, specifically for the ADA/TUSD and LTC/TUSD spot and margin trading pairs. Binance is introducing an enticing incentive by waiving off the maker fees on these trading pairs until an unspecified time.
Similarly, users trading with the TUSD/BUSD pair will enjoy an even more enhanced offer with zero maker and taker fees for both spot and margin trading.
VIP-tier Calculation: A Notable Exclusion
During this promotional phase, however, the trading volume for the TUSD/BUSD spot and margin trading pairs will be left out from the VIP-tier volume computation, as well as all liquidity provider programs.
Furthermore, Binance has made it clear that any other adjustments, including BNB discounts and referral rebates, will be temporarily suspended for the TUSD/BUSD spot and margin trading pairs during this promotional period. Once the promotional period wraps up, the platform will reinstate its standard trading fee structure.
Further details regarding this structure can be found under the VIP tier fee structure section. Binance also hinted at more information coming soon, specifically regarding the starting times for margin trading pairs, which will be disclosed in a separate announcement.