NewsletterWill This Move By Binance Create Ripple Effect For BTC, ETH, XRP Rally?
Highlights
- Binance introduced zero fee SEPA bank transfer to buy Eurite (EURI) with Euro.
- Zero fee Eurite (EURI) on-ramp shoot trading volume above 400% in a day.
- Traders anticipate high odd of a crypto market recovery with the announcement.
The world’s largest crypto exchange Binance on Monday said it has introduced a new Single Euro Payments Area (SEPA) bank transfer for the newly listed Eurite (EURI), the first MiCA-regulated EURO stablecoin. This is anticipated to bring a rally in BTC, ETH, SOL, XRP, and other altcoins prices as the exchange launches zero fee promotion to buy EURI.
Binance Rolls Out Zero Fee Euro to Eurite (EURI) On-Ramp
Crypto exchange Binance in an official announcement on September 9 revealed a new SEPA bank transfer availability for Eurite (EURI) stablecoin with zero fee. The promotion is valid until October 5.
Users can deposit EUR and receive EURI with zero fee using the SEPA bank transfer mode. The cross-border electronic payments in Euros between bank accounts in the Single Euro Payments Area (SEPA). Typically, EUR to EURI on-ramp costs 1 Euro.
The move comes after Binance listed Eurite (EURI) and open trading for EUR/EURI and EURI/USDT pairs. Also, the exchange even announced zero maker and taker fees for spot and margin trading pairs for the MiCA-regulated EURO stablecoin, which boosted investments and trading.
Ripple Effect for BTC, ETH, SOL, XRP, Meme Coins Rally?
EURI trading volume saw a massive 412% increase in trading volume over the last day. This indicates massive buying of EURI stablecoins by crypto investors on Binance due to zero fee maker and taker fees for spot and margin trading.
Moreover, crypto asset investment products in Europe record buying amid positive sentiment, with Germany and Switzerland seeing $16.3 million and $3.2 million, respectively, as per a CoinShares report today.
As predicted by CoinGape, Bitcoin price has recovered above $55,000. It can rise further above $57,000 if BTC successfully crosses above $55, 508, a 0.236 Fib retracement level. Crypto billionaire Arthur Hayes closed his Bitcoin short position and predicted Bitcoin price and crypto market recovery this week.
ETH price is trading under pressure on selloff by whales considering transfers by wallets linked to Ethereum Foundation and co-founder Vitalik Buterin.
Meme coins are also flashing signs of buying with Dogecoin and Shiba Inu, with support from Elon Musk in response to Donald Trump confirming the creation of a government efficiency commission.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Trump to Interview BlackRock’s Rick Rieder as Fed Chair Shortlist Narrows to Four
- Breaking: VanEck Discloses Fees and Staking Details for its Avalanche ETF
- Crypto Market Braces for Volatility as BTC, ETH Options Expiry Collides $7.1 Trillion ‘Triple Witching’
- Terraform Labs Lawsuit: Jump Trading Faces $4B Case over Market Manipulation
- Coinbase Challenges US States Over Regulatory Restrictions on Prediction Markets
- Dogecoin Price Prediction Points to $0.20 Rebound as Coinbase Launches Regulated DOGE Futures
- Pi Coin Price Prediction as Expert Warns Bitcoin May Hit $70k After BoJ Rate Hike
- Cardano Price Outlook: Will the NIGHT Token Demand Surge Trigger a Rebound?
- Will Bitcoin Price Crash to $74K as Japan Eyes Rate Hike on December 19?
- Bitwise Predicts Solana Price Will Hit New All-Time Highs in 2026
- Bitcoin Price Outlook: Capriole Founder Warns of a Drop Below $50K by 2028
