• Binance has announced updates to its platform in order to provide improved support for Cardano (ADA) and Litecoin (LTC).
• The new features include spot grid trading, attractive fee structure and zero maker/taker fees for the TUSD/BUSD pair.
• VIP-tier calculation will be excluded from the promotional period.
Binance Enhances Cardano (ADA) and Litecoin (LTC) Support with Expanded Services
New Trading Pairs
Binance, one of the top cryptocurrency exchanges, has recently announced exciting updates to its platform, aiming to provide improved support for Cardano (ADA) and Litecoin (LTC). In a calculated move to bolster its service offering, Binance has decided to kick-start trading services for three new pairs: ADA/TUSD, LTC/TUSD, and TUSD/BUSD. These services will commence at 8 AM (UTC) on May 31st 2023.
Spot Grid Trading Feature
In an attempt to widen its market influence, Binance is set to launch a new feature: Spot Grid trading for ADA/TUSD, LTC/TUSD, and TUSD/BUSD pairs. This rollout is expected to commence within two days of the initial trading start time.
Attractive Fee Structure
Binance is introducing an enticing incentive by waiving off the maker fees on these trading pairs until an unspecified time. Similarly, users trading with the TUSD/BUSD pair will enjoy an even more enhanced offer with zero maker and taker fees for both spot and margin trading.
VIP-tier Calculation Exclusion
During this promotional phase however, the trading volume for the TUSD/BUSD spot and margin trading pairs will be left out from the VIP-tier volume computation as well as all liquidity provider programs. Furthermore any other adjustments including BNB discounts and referral rebates will be temporarily suspended during this promotional period until it wraps up after which point standard fee structures will be reinstated as detailed under VIP tier fee structure section.
More Information Coming Soon
Binance also hinted at more information coming soon specifically regarding starting times of margin trading pairs which should be disclosed in a separate announcement soon enough alongside any additional details that may surface in between now then.