Just-In: Binance Lists Eurite (EURI) with Zero Trading Fee Incentives

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As a seasoned analyst with over two decades of experience in the financial sector, I find Binance’s latest move to be both strategic and forward-thinking. The listing of Eurite (EURI), a MiCA-regulated EURO stablecoin, is a significant step towards bridging the gap between traditional finance and the crypto world.

On August 28, 2024, starting at 10:00 UTC, Binance is set to list a new EURO stablecoin called Eurite (EURI), which is regulated by MiCA. To celebrate this event, Binance is offering a special promotion where users can trade EURI without any trading fees.

Binance Lists Eurite (EURI) with Zero Trading Fee

Based on a recent announcement from Binance, the popular cryptocurrency exchange plans to introduce Eurite (EURI) to its variety of tradable options. This addition will come with the debut of new trading pairs, such as EUR/EURI and EURI/USDT.

Starting from August 28, 2024, I am excited to announce that I will be able to engage in fee-free trading on selected pairs. This exciting offer is intended to boost the popularity of our latest listings and encourage increased trading among our users.

To get ready, the cryptocurrency exchange has opened up deposit options for trading that will commence the following week.

Regulatory Compliance and Market Adaptation

Eurite (EURI) is among the pioneering Euro-backed stablecoins to comply with the new European Crypto-Assets Regulation (MiCA) within the Economic and Monetary Union (EEA). This regulatory compliance is crucial as it aligns with EU standards, offering consumer protection, financial stability, and legal certainty. The regulation guarantees that EURI operates with transparency and security, both vital for both retail and institutional investors.

Furthermore, the MiCA regulation signifies an increasing pattern of cryptocurrencies gaining official acknowledgement and oversight from financial institutions. This might pave the way for wider adoption and seamless integration within the European financial sector.

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

Moreover, the trading pair’s volumes won’t contribute to VIP tier calculations or liquidity provider programs during the promotional phase. Instead, our focus will be on enhancing user interaction and improving market liquidity specifically for the newly introduced stablecoin.

Additionally, the system has verified that users can initiate EURI withdrawals starting from August 29, 2024, at 10:00 UTC. This means users will have complete control over their assets.

Binance consistently broadens its offerings by regularly incorporating approved stablecoins into its system, thereby enhancing the variety of trading opportunities for its users.

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2024-08-26 12:08