Here is the rewritten content:
Binance Lists Eurite (EURI) with Zero Trading Fee
Binance has announced the upcoming listing of Eurite (EURI), a new MiCA-regulated EURO stablecoin, and is introducing an enticing zero trading fee promotion to mark the occasion. Starting from August 28, 2024, at 10:00 UTC, users will be able to trade EURI with zero fees.
Regulatory Compliance and Market Adaptation
Eurite (EURI) stands out as one of the first EURO stablecoins regulated under the new Markets in Crypto-Assets Regulation (MiCA) framework within the EEA. This regulatory adherence is critical as it aligns with EU standards, providing consumer protection, financial stability, and legal certainty. The regulation ensures that EURI maintains transparency and security, which are essential for retail and institutional investors.
Trading and Accessibility
The zero-fee promotion introduced for Binance Eurite listing and trading pairs will impact trading on the platform. By removing the barrier of transaction costs, the crypto exchange aims to increase the liquidity and visibility of the stablecoin. In addition, the trading pairs will be exempt from VIP tier volume calculations and liquidity provider programs during the promotion period, focusing solely on fostering user engagement and market liquidity for the new stablecoin.
Trading Pair Introduction
The platform will add Eurite (EURI) to its diverse list of tradable assets, complemented by the launch of new spot trading pairs, specifically EUR/EURI and EURI/USDT. Trading will commence on August 28, 2024, enabling users to trade with no fees on these pairs for an undetermined period.
Deposits and Withdrawals
In preparation for Binance Eurite listing, the exchange has allowed deposits for trading activities set to begin next week. Withdrawals for EURI will open on August 29, 2024, at 10:00 UTC, providing users full access to manage their holdings.
Binance Expansion
Binance has continued to expand its portfolio, recently opening trading for the AAVE/FDUSD, DOGE/JPY, MATIC/JPY, NEAR/JPY, and TON/USDC trading pairs. The constant integration of regulated stablecoins into its platform has increased users’ trading options.
Conclusion
The listing of Eurite (EURI) on Binance marks an exciting milestone in the development of the EURO stablecoin market. The zero-trading fee promotion and introduction of new trading pairs will undoubtedly attract more users to the platform, increasing liquidity and driving the growth of the stablecoin.
FAQs
Q: What is Eurite (EURI)?
A: Eurite (EURI) is a new EURO stablecoin regulated under the new Markets in Crypto-Assets Regulation (MiCA) framework within the EEA.
Q: What is the zero-trading fee promotion?
A: The zero-trading fee promotion is a temporary initiative offered by Binance to mark the listing of Eurite (EURI). Users will be able to trade with no fees on the EUR/EURI and EURI/USDT trading pairs.
Q: When will trading commence on Eurite (EURI)?
A: Trading will commence on August 28, 2024, at 10:00 UTC, and will be available for an undetermined period.
Q: When will withdrawals for EURI be available?
A: Withdrawals for EURI will open on August 29, 2024, at 10:00 UTC, providing users full access to manage their holdings.
Q: Has Binance expanded its portfolio recently?
A: Yes, Binance has recently opened trading for the AAVE/FDUSD, DOGE/JPY, MATIC/JPY, NEAR/JPY, and TON/USDC trading pairs.
