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.
Binance Lists Eurite (EURI) with Zero Trading Fee
According to a recent press statement from Binance, the cryptocurrency exchange platform will add Eurite (EURI) to its diverse list of tradable assets. This inclusion will be 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. The initiative aims to promote the new listing and stimulate user trading activity.
In preparation, the crypto exchange has allowed deposits for trading activities set to begin next week.
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.
Additionally, the regulation by MiCA indicates a growing trend of crypto-assets receiving formal recognition and supervision by financial authorities. This could lead to broader acceptance and integration into the European financial markets.
Trading and Accessibility
The zero-fee promotion introduced for Eurite (EURI) trading pairs is set to 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.
The platform also confirmed that EURI withdrawals will open on August 29, 2024, at 10:00 UTC. This will provide users full access to manage their holdings
Binance has continued to expand its portfolio by constantly integrating regulated stablecoins into its platform and increasing users’ trading options.
The post Just-In: Binance Lists Eurite (EURI) with Zero Trading Fee Incentives appeared first on CoinGape.
