Binance to List Eurite (EURI) with Zero Trading Fees Starting August 28, 2024

• Binance lists Eurite (EURI), a MiCA-regulated EURO stablecoin, enhancing regulatory compliance.
• Zero trading fees for EURI trading pairs, including EUR/EURI and EURI/USDT, starting August 28, 2024.
• Eurite’s (EURI) MiCA compliance aligns with EU standards, fostering increased trust and adoption among users.

Binance, one of the leading cryptocurrency exchange platforms, has announced the listing of Eurite (EURI), a EURO stablecoin regulated under the Markets in Crypto-Assets Regulation (MiCA) framework. The new listing will come with a zero trading fee promotion that begins on August 28, 2024, at 10:00 UTC, allowing users to trade EURI without incurring any transaction costs.

Eurite (EURI) is among the first EURO stablecoins to be regulated under the MiCA framework, which applies within the European Economic Area (EEA). 

This regulation ensures that EURI adheres to EU standards for consumer protection, financial stability, and legal certainty. Binance’s inclusion of EURI in its list of tradable assets marks a significant expansion of the platform’s offerings, particularly for users seeking stablecoin options backed by regulatory compliance.

To promote the new listing, Binance has introduced new spot trading pairs, specifically EUR/EURI and EURI/USDT, with a zero trading fee incentive. This promotion will commence on August 28, 2024, and will continue for an undetermined period. 

During this time, trading fees will be waived, and the pairs will not count toward VIP tier volume calculations or liquidity provider programs. This initiative is designed to increase liquidity and trading activity for EURI on the platform.

A noticeable occurrence in the cryptocurrency market is the MiCA’s regulation of EURI, as it complies with European Union (EU) regulation that are increasingly crucial to both retail and institutional investors.

The issuance and trading of crypto-assets within the EEA falls under MiCA which provides for transparency, security and consumer protection. This will enhance trust among users and enable adoption of these regulations by EURI thereby consolidating its position in Europe’s financial markets.

Deposits have already been opened at Binance for EURI ahead of listing, which is scheduled to start next week. Users will be able to withdraw their holdings from August 29, 2024 starting at 10:00 UTC.

This is an expansion on Binance’s trading portfolio that includes AAVE/FDUSD pairings and DOGE/JPY among others as they continue to diversify offerings according to demands in the market.