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Binance, the world’s largest cryptocurrency exchange, announced on Wednesday afternoon that it has added new pairs to Binance Spot trading. The exchange will list important cryptocurrencies such as Polygon (MATIC), Bitcoin Cash (BCH), Avalanche (AVAX), and Cosmos (ATOM) with the FDUSD stablecoin.
Binance Lists More Cryptocurrencies with FDUSD
On October 18, Binance made an official announcement that more crypto pairs associated with the FDUSD stablecoin and Turkish lira (TRY) will be available for trading. Spot trading for ATOM/FDUSD, AVAX/FDUSD, BAND/TRY, BCH/FDUSD, LOOM/TRY, and MATIC/FDUSD will start on October 19 at 08:00 UTC.
Additionally, the exchange revealed that Spot Grid and Spot DCA Trading Bots services will be launched for NTRN/USDT and PENDLE/USDT trading pairs. According to Binance, users will be able to trade starting from October 19 at 08:00 UTC.
Binance responded to the concerns of the crypto community and increased its support for the FDUSD stablecoin following rumors about TUSD stablecoin. In September, Binance also launched the trading pairs XRP/FDUSD, DOGE/FDUSD, SOL/FDUSD, TOMO/TRY, and UNFI/TRY.
Currently, users continue to benefit from zero maker fees in FDUSD trading pairs. Binance users also enjoy zero maker and taker fees in FDUSD/BUSD and FDUSD/USDT spot and margin trading pairs.
FDUSD currently has relatively low volume. Despite Tether’s USDT having a market cap of $83.72 billion, FDUSD maintains its presence modestly with a market cap of $467 million. Nevertheless, FDUSD’s market cap is increasing day by day with the support of Binance.
Binance Listing Cryptocurrencies Accepted as Securities by SEC
Binance continues to list cryptocurrencies such as Polygon (MATIC) and Cosmos (ATOM), which are included in the list of securities accepted by the U.S. Securities and Exchange Commission (SEC), which accepted many cryptocurrencies as securities in the past.
In a recent development, the SEC criticized Binance.US for not responding to support requests and accused it of not cooperating. Finally, Binance and its CEO CZ made a counter statement and expressed the view that the SEC is trying to take control of the crypto world.