Binance to List United Stables Token with Zero Trading Fees
Binance expands offerings with United Stables listing, zero-fee promotion, new LINK/USD1 pairs, and trading bot services, alongside market sentiment updates from Matrixport.
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Summary
According to Binance’s official announcement, United Stables (U) will be listed on January 12 with spot and margin trading pairs U/USDT and U/USDC under a zero-fee promotion. The listing fee is set at 0 BNB. Binance also revealed the launch of LINK/USD1 trading pairs and trading bot services. Other highlights include a trader reportedly achieving 1,720x profit and acquisition plans involving H100. Matrixport noted stabilizing market sentiment in its recent update.
Terms & Concepts
- Spot Trading: The purchase or sale of a financial instrument for immediate delivery and payment at the current market price.
- Margin Trading: A trading method that allows investors to borrow funds to increase position size, potentially amplifying both gains and losses.
- USDT: Tether, a widely used stablecoin pegged to the value of the U.S. dollar.