Binance Introduces Zero-Fee Promotion for EUR/USDC Trading Pair

Binance, one of the world's leading cryptocurrency exchanges, has announced a zero-fee promotion for the EUR/USDC spot trading pair, according to binance.com. The promotion is in celebration of USDC becoming a major MiCA-compliant regulated stablecoin in the European Economic Area (EEA).

Promotion Details

The zero-fee trading promotion will run from July 3, 2024, at 00:00 UTC to August 2, 2024, at 00:00 UTC. During this period, all users can trade the EUR/USDC spot trading pair without incurring maker or taker fees. However, the trading volume on this pair will be excluded from the VIP tier volume calculation and all Liquidity Provider programs.

Key Terms and Conditions

Several terms and conditions apply to this promotion:

• BNB discounts, referral rebates, and any other adjustments will not apply to the EUR/USDC spot trading pair during the promotion period.
• Standard trading fees will resume after the promotion period ends. Users should refer to Binance's VIP tier fee structure for more details.
• Binance reserves the right to disqualify users if their accounts are involved in dishonest behavior, such as wash trading, illegal bulk account registrations, self-dealing, or market manipulation.
• All trading volume and metrics related to the promotion are measured by Binance at its sole discretion.
• Binance reserves the right to cancel or amend the promotion terms and conditions at its sole discretion without prior notice.

MiCA Compliance and USDC

The Markets in Crypto-Assets (MiCA) regulation is a significant regulatory framework aimed at providing legal clarity and consumer protection in the crypto space within the EEA. USDC's compliance with MiCA is a noteworthy development, enhancing its legitimacy and trustworthiness among users in the region.

Binance's promotion underscores the platform's commitment to adhering to regulatory standards and providing favorable trading conditions for its users. This move is expected to attract more traders to the EUR/USDC pair, boosting liquidity and market activity.

For more details on the promotion, users can visit the official Binance announcement.