1. BITBILIHome
  2. Article

Binance announces zero-fee TUSD trading amid regulatory headwinds

• 330 views

TL;DR Breakdown

  • Binance has announced a new zero-fee promotion for TrueUSD (TUSD) trading pairs.
  • The introduction of zero maker fees on all TUSD spot and margin trading pairs expands its previous promotion that only included the Bitcoin (BTC) – TUSD pair​.

Description

Binance has announced a new zero-fee promotion for TrueUSD (TUSD) trading pairs. However, this strategic move, scheduled to commence on June 30, 2023, is predicted to stimulate the crypto-market dynamics by extending its feeless trading opportunity to a wider audience. The introduction of zero maker fees on all TUSD spot and margin trading pairs is … Read more

Binance has announced a new zero-fee promotion for TrueUSD (TUSD) trading pairs. However, this strategic move, scheduled to commence on June 30, 2023, is predicted to stimulate the crypto-market dynamics by extending its feeless trading opportunity to a wider audience.

The introduction of zero maker fees on all TUSD spot and margin trading pairs is an expansion of its previous promotion that only included the Bitcoin (BTC) – TUSD pair​​. Additionally, Binance has demonstrated its commitment to making trading more affordable by extending the BUSD zero-maker fee promotion for another six months until the end of 2023​.

The impact of Binance’s bold move is expected to be substantial. The TUSD token is currently the fifth-largest dollar-pegged stablecoin on the market, with its issuance handled by crypto firm ArchBlock, formerly known as TrustToken​​. This expansion of feeless trading for TUSD and its integration into Binance’s platform are set to boost liquidity and catalyze market activity, thereby fostering a more inclusive trading environment for the global crypto community.

Navigating regulatory challenges amid market expansion

However, Binance’s aggressive market expansion unfolds amid a turbulent backdrop of regulatory scrutiny and legal challenges. It is essential to know that the company has recently faced several lawsuits, including from the U.S. Securities and Exchange Commission (SEC), which accused Binance and its CEO, Changpeng “CZ” Zhao, of violating federal securities laws​.

Further escalating these challenges, French authorities are investigating the company for potential “aggravated money laundering.” In addition, Binance has chosen to exit the Netherlands after failing to secure a required operating license and has sought to revoke its operating permissions in the U.K., while also terminating its registration with Cyprus’ securities regulator​.

Despite these hurdles, Binance’s new feeless trading initiative represents a strategic maneuver that signals the company’s determination to expand TUSD trading on its platform. This move, coupled with the recent minting of $1 billion TUSD on the Tron network, highlights the exchange’s commitment to innovating within the regulatory boundaries and maintaining its position as a leading player in the crypto exchange industry​.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Binance announces zero-fee TUSD trading amid regulatory headwinds

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年6月24日 06:13
Next 2023年6月24日 07:16

Related articles

  • MicroStrategy bolsters Bitcoin holdings with $347 million acquisition

    TL;DR Breakdown MicroStrategy bought $347 million of Bitcoin, now holding 152,333 Bitcoin valued at over $4.6 billion. The Bitcoin purchase was financed by selling over a million shares, raising $337 million, and MicroStrategy’s stock has grown 124% since the year’s start, aligning with Bitcoin’s positive trend. Analysts see MicroStrategy as a promising choice for investors interested in crypto; that the company’s Bitcoin acquisition could precede expected regulatory changes like a Bitcoin ETF approval, potentially influencing other firms to invest. Description MicroStrategy, a leading software analytics firm, has strategically expanded its Bitcoin reserves with a substantial purchase valued at $347 million. This acquisition, the firm’s largest Bitcoin investment in two years, further solidifies MicroStrategy’s position as one of the most significant Bitcoin holders globally. Acquisition amid market stability Over the past two months, MicroStrategy demonstrated an … Read more MicroStrategy, a leading software analytics firm, has strategically expanded its Bitcoin reserves with a substantial purchase valued at $347 million. This acquisition, the firm’s largest Bitcoin investment in two years, further solidifies MicroStrategy’s position as one of the most significant Bitcoin holders…

    Article 2023年7月1日

  • Optimism launches Law of Chains to enhance Superchain infrastructure 

    TL;DR Breakdown Optimism has released a report on its recent release of Law of Chains which provides an open neutrality framework for participants in the OP Stack Superchain ecosystem. Superchains will benefit from constant development and access to better and more accessible infrastructure. Optimism has attracted more growth, such as Worldcoin’s migration to the scaling solution. Description Optimism, an Ethereum L2 scaling layer, has released a report on its recent release of Law of Chains which provides an open neutrality framework for participants in the OP Stack Superchain ecosystem. The project aims to promote the fundamental concepts of user protection, decentralization, and economic autonomy. Meanwhile, feedback from the community is welcome on … Read more Optimism, an Ethereum L2 scaling layer, has released a report on its recent release of Law of Chains which provides an open neutrality framework for participants in the OP Stack Superchain ecosystem. The project aims to promote the fundamental concepts of user protection, decentralization, and economic autonomy. Meanwhile, feedback from the community is welcome on the current v0.1 version. Optimism’s Law of Chains to improve…

    Article 2023年7月26日

  • Farcana PvP shooter: first public playtest at Dubai’s game expo, sponsored by Alienware & Dell

    TL;DR Breakdown Farcana will be conducting its first public playtest for gamers worldwide, giving them a chance to compete for a Bitcoin-backed prize pool worth nearly $30,000.  Embracing the advanced economy of Web3, Farcana offers tokenized assets that offer true ownership. During the playtest, from June 22 to 25, the top 7% of players will have a shot at a share of Bitcoin prize pool, with a value of nearly $30,000. Description Farcana, a new-gen 4×4 shooter with innovative game mechanics and a focus on esports integration, has been selected as one of the leading Web3 titles for Dubai Esports & Games Festival (DEF). Set to take place in Dubai’s Expo Center, the festival invites the global gaming community to experience five days of action-packed events and … Read more Farcana, a new-gen 4×4 shooter with innovative game mechanics and a focus on esports integration, has been selected as one of the leading Web3 titles for Dubai Esports & Games Festival (DEF). Set to take place in Dubai’s Expo Center, the festival invites the global gaming community to experience five…

    Article 2023年6月23日

  • Connext and Alchemix Introduce xERC-20 Token Standard to Mitigate Bridge Exploit Losses

    TL;DR Breakdown Connext and Alchemix introduce xERC-20, a new token standard to combat losses from bridge hacks in DeFi. The standard enables token issuers to regulate official token minting on bridges, encouraging security and minimizing risk for end-users. Description In a bid to tackle the ongoing concerns surrounding bridge security in the decentralized finance (DeFi) space, Connext, a leading cross-chain bridging protocol, has partnered with Alchemix Finance, a prominent DeFi platform, to unveil a new token standard called “xERC-20.” This innovative standard proposed as Ethereum Improvement Proposal (EIP) 7281, aims to empower token issuers … Read more In a bid to tackle the ongoing concerns surrounding bridge security in the decentralized finance (DeFi) space, Connext, a leading cross-chain bridging protocol, has partnered with Alchemix Finance, a prominent DeFi platform, to unveil a new token standard called “xERC-20.” This innovative standard proposed as Ethereum Improvement Proposal (EIP) 7281, aims to empower token issuers with greater control over the “canonical” minting of tokens, thereby minimizing losses resulting from unofficial bridge hacks. Contents hide 1 The xERC-20 Token Standard Explained 2 Advantages and…

    Article 2023年7月25日

  • Joe Biden’s economic policy overhaul – What to know

    TL;DR Breakdown Biden’s economic policy aims to revitalize American manufacturing, focusing on industrial hubs like Buffalo, New York. This policy marks a departure from laissez-faire economics and promotes more government intervention in the economy. Bills like the Inflation Reduction Act and Infrastructure Investment and Jobs Act provide subsidies, grants, and loans to stimulate investment in several sectors. Description The dormant industrial scene of Buffalo, New York is undergoing a drastic renaissance as the once pulsating center of American manufacturing is beginning to show signs of life again. This remarkable change is the result of President Joe Biden’s economic policy overhaul, signaling a momentous shift in American economic thinking. Reigniting the flame of industry … Read more The dormant industrial scene of Buffalo, New York is undergoing a drastic renaissance as the once pulsating center of American manufacturing is beginning to show signs of life again. This remarkable change is the result of President Joe Biden’s economic policy overhaul, signaling a momentous shift in American economic thinking. Reigniting the flame of industry A colossal industrial campus, originally built in 1923 for…

    Article 2023年7月13日
TOP