Binance Adds MATIC & Others In FDUSD Pairs After XRP Listing

The world’s largest crypto exchange Binance on Wednesday announced adding new trading pairs and trading bots services on Binance Spot. The crypto exchange Binance is listing key crypto including Polygon (MATIC), Bitcoin Cash (BCH), Avalanche (AVAX), and Cosmos (ATOM) in pair with FDUSD stablecoin.

Binance Listing More Crypto With FDUSD

Crypto exchange Binance in an official announcement on October 18 said it is listing more crypto trading pairs with FDUSD stablecoin and Turkish lira (TRY). Spot trading for ATOM/FDUSD, AVAX/FDUSD, BAND/TRY, BCH/FDUSD, LOOM/TRY, and MATIC/FDUSD opens on October 19 at 08:00 UTC.

In addition, the exchange will start offering Spot Grid and Spot DCA Trading Bots services for NTRN/USDT and PENDLE/USDT trading pairs. Users can start trading on October 19 at 08:00 UTC.

Binance extended support for FDUSD stablecoin after the crypto community raised concerns about TUSD stablecoin. In September, Binance listed XRP/FDUSD, DOGE/FDUSD, SOL/FDUSD, TOMO/TRY, and UNFI/TRY pairs.

Users enjoy zero maker fees on FDUSD trading pairs. Binance customers also introduced zero maker and taker fees on the FDUSD/BUSD and FDUSD/USDT spot and margin trading pairs. FDUSD currently has a market cap of $467 million as against Tether USDT’s market cap of $83.72 billion. FDUSD’s market cap continues to rise amid support from Binance.

Binance Listing Crypto Considered As Securities By the SEC

Binance continues to list crypto such as Polygon (MATIC) and Cosmos (ATOM) considered as securities by the U.S. Securities and Exchange Commission (SEC).

In the latest development, the SEC has blamed Binance.US for not cooperating with the requests as per the consent order. Meanwhile, Binance and CEO CZ seek to dismiss the lawsuit claiming that the SEC trying to take control of the crypto industry and seek jurisdiction from the U.S. Congress.

Also Read:

✓ Share:

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.