By Blockchain News | Created at 2024-11-14 04:14:53 | Updated at 2024-11-21 12:29:42
1 week ago
Lawrence Jengar Nov 14, 2024 03:59
Binance announces a zero-fee trading promotion for ADA/JPY, DOGE/JPY, and XRP/JPY pairs, starting November 15, 2024. The initiative aims to enhance trading activity with Japanese yen pairs.
Cryptocurrency exchange giant Binance has unveiled a new zero-fee trading campaign for its users, focusing on ADA/JPY, DOGE/JPY, and XRP/JPY spot trading pairs, set to commence on November 15, 2024. This initiative, as announced by Binance, will run until November 27, 2024, offering traders a limited-time opportunity to engage with these Japanese yen trading pairs without incurring standard trading fees.
Promotion Details
The zero-fee promotion is applicable exclusively to the ADA/JPY, DOGE/JPY, and XRP/JPY pairs, according to [Binance](https://www.binance.com/en/support/announcement/binance-launches-zero-fee-spot-trading-campaign-for-ada-jpy-doge-jpy-xrp-jpy-pairs-e41fc39b35da4d64b2b0c6aa768b7460). Notably, the trading volume from these pairs will not contribute to the VIP tier volume calculation or any Liquidity Provider programs during the promotion period.
Binance has clarified that standard trading fees will resume once the promotion concludes. Furthermore, BNB discounts, referral rebates, and any other fee adjustments will not be applicable to these specific trading pairs throughout the duration of the promotion.
Participation Conditions
It is important to note that the Japanese yen (JPY) is a fiat currency, and its deposits and withdrawals are restricted to Binance Japan users only. Users of the global Binance.com platform will not have the capability to deposit or withdraw JPY.
Binance has also stated that any participant found tampering with the program code or interfering with its operations may face disqualification. The company reserves the right to amend or cancel the promotion without notice, emphasizing its commitment to maintaining the integrity of its trading systems.
Market Context
This initiative comes amidst a growing interest in cryptocurrency trading pairs involving fiat currencies, particularly in regions with significant crypto activity such as Japan. By offering zero-fee trading, Binance aims to increase trading volumes and attract more traders to its platform, particularly those interested in ADA, DOGE, and XRP.
Traders and investors should be aware of the inherent risks associated with cryptocurrency trading. Prices are subject to volatility, and investments may fluctuate in value. Binance advises users to conduct thorough research and consider their financial situation before engaging in trading activities.
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