Binance will offer zero trading fees on EURI pairs starting at 10:00 UTC on August 28, 2024, including EUR/EURI and EURI/USDT.
To commemorate the forthcoming listing of Eurite (EURI), a new stablecoin that is regulated by the MiCA and based on the Euro, Binance has announced that it will be implementing an alluring promotion that does not charge any trading fees.
Binance Lists Eurite (EURI) with Zero Trading Fee
Users will be able to trade EURI starting at 10:00 UTC on August 28, 2024. There will be no fees associated with this transaction. With the addition of Eurite (EURI) to its extensive list of tradable assets, the cryptocurrency exchange platform Binance has recently issued a press statement announcing the addition of the cryptocurrency.
New spot trading pairings, particularly the EUR/EURI and EURI/USDT combinations, will complement this inclusion. Users will be able to trade these pairs without incurring any fees for an undisclosed period starting on August 28, 2024.
This endeavor aims to promote the newly listed asset and encourage trading activity among users.The exchange has started accepting deposits for trading activities that will begin the following week in preparation for Binance Eurite’s listing.
Regulatory Compliance and Market Adaptation
Eurite (EURI) stands out particularly as one of the first stablecoins based on the Euro to come under the new Markets in Crypto-Assets Regulation (MiCA) framework within the European Economic Area (EEA).
This regulatory compliance is essential because it is in accordance with the norms of the European Union (EU), which offer protection for consumers, financial stability, and legal certainty.
Both retail and institutional investors want a high level of security and transparency, and the regulation guarantees that EURI will continue to provide both of these qualities.
MiCA’s implementation of the rule highlights a growing trend of crypto-assets receiving formal recognition and supervision from financial authorities. As a result, there is a possibility that the European financial markets will embrace and integrate the company more broadly.
Trading and Accessibility
The zero-fee promotion for Binance Eurite listing and trading pairings will impact trades on the platform. The cryptocurrency exchange’s goal is to increase the liquidity and visibility of the stablecoin, which it intends to achieve by lowering the barrier of transaction charges.
Additionally, during the promotion period, the trading pairs will not be subject to the volume calculations for the VIP tier or the liquidity provider programs. This is because the campaign’s primary goal is to encourage user involvement and market liquidity for the new stablecoin at the time.
Additionally, the site has verified that withdrawals of EURI will be available beginning on August 29, 2024, at 10:00 UTC. As a result, individuals will have complete access to manage their holdings.
Recently, Binance opened trading pairs AAVE/FDUSD, DOGE/JPY, MATIC/JPY, NEAR/JPY, and TON/USDC as part of its ongoing efforts to diversify its portfolio.
Consistent incorporation of regulated stablecoins onto its platform has expanded the trading choices available to users.
