Binance, the world’s largest cryptocurrency exchange, has announced the addition of new altcoin trading pairs and the launch of its Trading Bots services. It also stated that it will offer a zero-commission promotion for altcoins such as Shiba Inu (SHIB), Injective (INJ), and The Sandbox (SAND).
The cryptocurrency exchange officially announced that a zero-commission trading period will commence for three FDUSD spot trading pairs. From 14 December, Binance users will be able to trade with zero commission on the SHIB/FDUSD, INJ/FDUSD, and SAND/FDUSD trading pairs starting from 11:00 local time. Zero commission will only be applicable for market maker orders.
Binance also reported that trading for the FIDA/TRY, IOTA/TRY, and MEME/ETH spot trading pairs will start at 11:00 local time on 14 December.
In addition to these, the cryptocurrency exchange will activate Trading Bots services for the BLUR/USDT, JTO/USDT, and VANRY/USDT trading pairs. Users will be able to activate Spot Grid, Spot DCA, and Rebalancing Bot for these trading pairs at the same date and time.
It is a well-known fact that the listing of an altcoin on Binance provides significant support for that altcoin. A similar situation is observed for altcoins offered with zero-commission trading support. When Binance announced the launch of zero-commission trading for several altcoins including Ethereum (ETH), XRP (XRP), BNB (BNB), Solana (SOL), Dogecoin (DOGE), and Chainlink (LINK) on 5 December, an upward movement was observed in these altcoins.