lawrence jenga
November 14, 2024 03:59
Binance has announced a commission-free trading promotion for the ADA/JPY, DOGE/JPY, and XRP/JPY pairs starting November 15, 2024. The goal of this plan is to enhance trading activity on the Japanese Yen pair.
Cryptocurrency exchange giant Binance has unveiled a new commission-free trading campaign for users focused on ADA/JPY, DOGE/JPY, and XRP/JPY spot trading pairs that will launch on November 15, 2024. Binance will operate until November 27, 2024, offering traders a limited-time opportunity to participate in these Japanese Yen trading pairs without standard trading fees.
Promotion Details
The commission-free promotion only applies to ADA/JPY, DOGE/JPY and XRP/JPY pairs as follows: (Binance)(https://www.binance.com/en/support/announcement/binance-launches-zero-fee-spot-trading-campaign-for-ada-jpy-doge-jpy-xrp-jpy-pairs -e41fc39b35da4d64b2b0c6aa768b7460). In particular, the trading volume of these pairs will not contribute to the VIP tier volume calculation or liquidity provider program during the promotion period.
Binance stated that standard trading fees will resume once the promotion ends. Additionally, BNB discounts, referral rebates and other fee adjustments will not apply to these specific trading pairs during the promotion period.
Participation conditions
It is important to remember that the Japanese Yen (JPY) is fiat currency and deposits and withdrawals are restricted to Binance Japan users only. Global Binance.com platform users cannot deposit or withdraw JPY.
Binance also stated that any participant found to be manipulating the program code or disrupting its operations may be disqualified. The Company reserves the right to modify or cancel promotions without prior notice, emphasizing its efforts to maintain the integrity of the trading system.
market situation
The initiative comes amid growing interest in cryptocurrency trading pairs linked to fiat currencies, especially in regions with high cryptocurrency activity such as Japan. By offering commission-free trading, Binance aims to increase trading volume and attract more traders to its platform, especially those interested in ADA, DOGE, and XRP.
Traders and investors should be aware of the inherent risks associated with cryptocurrency trading. Prices may fluctuate and the value of your investments may fluctuate. Binance advises users to conduct thorough research and consider their financial situation before engaging in any trading activity.
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