Binance Enhances Cardano (ADA) and Litecoin (LTC) Support with Expanded Services
The top cryptocurrency exchange Binance has recently announced exciting new updates to its platform, aiming to provide improved support for Cardano (ADA) and Litecoin (LTC).
In a calculated move to bolster its service offering, Binance has decided to kick-start trading services for three new pairs: ADA/TUSD, LTC/TUSD, and TUSD/BUSD, commencing at 8 AM (UTC) on May 31, 2023.
Broadening the Scope of Cryptocurrency Trading
In an attempt to widen its market influence, Binance is set to launch a new feature: Spot Grid trading for ADA/TUSD, LTC/TUSD, and TUSD/BUSD pairs. This rollout is expected to commence within two days of the initial trading start time.
One of the noteworthy components of this new development includes an attractive fee structure, specifically for the ADA/TUSD and LTC/TUSD spot and margin trading pairs. Binance is introducing an enticing incentive by waiving off the maker fees on these trading pairs until an unspecified time.
Similarly, users trading with the TUSD/BUSD pair will enjoy an even more enhanced offer with zero maker and taker fees for both spot and margin trading.
VIP-tier Calculation: A Notable Exclusion
During this promotional phase, however, the trading volume for the TUSD/BUSD spot and margin trading pairs will be left out from the VIP-tier volume computation, as well as all liquidity provider programs.
Furthermore, Binance has made it clear that any other adjustments, including BNB discounts and referral rebates, will be temporarily suspended for the TUSD/BUSD spot and margin trading pairs during this promotional period. Once the promotional period wraps up, the platform will reinstate its standard trading fee structure.
Further details regarding this structure can be found under the VIP tier fee structure section. Binance also hinted at more information coming soon, specifically regarding the starting times for margin trading pairs, which will be disclosed in a separate announcement.
Ripple Vs SEC: I-Remit Goes Further With an Expanded Appeal Filed
The post Ripple Vs SEC: I-Remit Goes Further With an Expanded Appeal Filed appeared first on Coinpedia Fintech News
For Ripple, the past several weeks have been exciting in terms of both the company’s operations and legal disputes with the US Securities and Exchange Commission. It was only revealed yesterday that the trial judge had given Ripple’s partners permission to voice their opinions in court, and today, Filipino I-Remit has formally delivered an extensive amicus brief.
#XRPCommunity #SECGov v. #Ripple #XRP I-Remit, Inc. has formally filed its Amicus Brief in Support of the Ripple Defendants' Motion for Summary Judgment.https://t.co/lKYDwvVzOY
— James K. Filan
120k (beware of imposters) (@FilanLaw) October 13, 2022
- The new edition is a revised version of a stunning brief that the corporation released in late September. It details how the Filipino payments company employs Ripple technologies, such as RippleNet and ODL, and illustrates why XRP is not a security, contrary to what the American regulator alleges.
- The assertions made by I-Remit in its amicus brief about the SEC’s ability to understand the cryptocurrency business are very noteworthy.
- Matt Hamilton, a former director of developers at Ripple, addressed the brief filed by I-Remit by noting that the intriguing result of these remarks is that they establish that such organizations are truly using XRP.
On-Demand Liquidity Is Rising
Ripple is actively expanding its network of global partners. In contrast to the past, the company’s focus was mostly on Asian payment providers, and the most recent developments concern the company’s expansion into Europe.
Interestingly, the first contracts for ODL solutions from Ripple were signed in France and Sweden. The cryptocurrency firm recently added Lemonway, a French provider of payment solutions for online marketplaces, and Xbaht, a company that facilitates international money transactions between Sweden and Thailand, as partners.
Ripple collaborates with the latter nation on a number of projects aimed at expanding the company’s presence in the Asian remittance market.