#FDUSD
Binance, the world’s largest cryptocurrency exchange by trading volume, has seen significant growth.
#FDUSD was launched in June 2023, and its market share on Binance peaked at 39% by the end of July 2024.
According to a recent report by research firm Kaiko, this surge was driven by Binance’s reintroduction of zero trader fees for trading pairs #FDUSDT .
As a result, daily trading volume has skyrocketed to an average of $6.5 billion.
Analysts at Kaiko warned that “#FDUST ’s success is largely dependent on Binance, as it is traded solely on the platform and is closely tied to its fee policies.”
