Here's Binance's Latest Announcement! Crypto Market Ready To Bullish?

<p>&nbsp;"Let's be honest, it's not because of this that the crypto market will go up."</p><p><br /></p><p>Cryptocurrency giant Binance has not only announced zero-fee* Bitcoin (BTC) and Ethereum (ETH) trading, but spot pairs and stablecoin margin FDUSD are reportedly being added to its platform.</p><p><br /></p><p>*Offer zero trading fees for Taker and Maker transactions for all users</p><p><br /></p><p>In addition to being able to trade ETH/FDUSD through zero maker fees, users will enjoy zero maker and taker fees for spots including margin under the BTC Zero Fee Trading Program on August 4, 2023.</p><p><br /></p><p>Trading volume on BTC/FDUSD spot and margin trading pairs has been excluded from the Liquidity Provider program as well as VIP level volume calculation, so users can have a better trading experience.</p><p><br /></p><p><br /></p><p>In context, Binance which ended its BTC zero-fee trading program and BUSD zero-maker fee promotion in March 2023 has switched from BUSD to TrueUSD (TUSD) which has a low market capitalization.</p><p><br /></p><p>The crypto exchange then removed Tether (USDT) from the zero-fee trading program, causing Binance shares to fall by more than 50% while its trading volume also dropped significantly.</p><p><br /></p><p>Back to FDUSD, the stablecoin has been backed by Hong Kong-based company First Digital but its market capitalization of $257 million is still low compared to other stablecoins such as USDT, TUSD, BUSD and USTC.</p><p><br /></p><p>While it won't have much of an impact on the crypto market at the moment, generating new FDUSD could cause the digital asset's market capitalization to see a significant spike.</p><p><br /></p><p>Please note that Binance remains the top crypto exchange for BTC trading, where BTC/TUSD and BTC/USDT on Binance are the most traded pairs.</p>