Share this article
Binance Boosts First Digital's Stablecoin With Zero Fees to Buy and Sell Bitcoin, Ether
The crypto exchange listed the Hong Kong-regulated First Digital's FDUSD stablecoin last week.
Aug 3, 2023, 3:54 p.m.
Make us preferred on Google
Binance, the world's largest crypto exchange, will open trading in bitcoin (BTC) and ether (ETH) with First Digital's FDUSD stablecoin with zero fees beginning tomorrow, according to a blog post.
More specifically, all trading fees will be waived for BTC/FDUSD, and maker fees will be 0% on ETH/FDUSD until further notice as part of Binance's campaign.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The listing comes as Binance is aiming to diversify trading volumes between stablecoin pairs following this year's regulatory clampdown on Binance USD (BUSD), with New York state regulators forcing BUSD issuer Paxos to halt issuing the stablecoin in February.
Following that action, Binance promoted trading with TrueUSD (TUSD) by waiving fees. TUSD trading volume mushroomed since and its market capitalization grew to nearly $3 billion.
Binance listed FDUSD on July 26 with zero trading fees to convert the token to other stablecoins including USDT and TUSD, indicating that the promotion would include all existing and new FDUSD trading pairs.
The FDUSD stablecoin is issued by a registered trust owned by First Digital under Hong Kong's digital asset rules.
Read more: First Digital Unveils USD Stablecoin as Hong Kong Crypto Rules Kick In
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Gold tops $5,000 as bitcoin stalls near $87,000 in widening macro-crypto split: Asia Morning Briefing
Bitcoin’s onchain data points to supply overhang and weak participation, while gold’s breakout is priced by markets as a durable macro regime shift.
What to know:
- Gold’s surge above $5,000 an ounce is increasingly seen as a durable regime shift, with investors treating the metal as a persistent hedge against geopolitical risk, central bank demand and a weaker dollar.
- Bitcoin is stuck near $87,000 in a low-conviction market, as on-chain data show older holders selling into rallies, newer buyers absorbing losses and a heavy supply overhang capping moves toward $100,000.
- Derivatives and prediction markets point to continued consolidation in bitcoin and sustained strength in gold, with thin futures volumes, subdued leverage and weak demand for higher-beta crypto assets like ether reinforcing the cautious tone.
Top Stories
