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Binance introduces BTC Yield product offering APY on Bitcoin subscriptions
Binance has introduced BTC Yield, a new product allowing users to subscribe with Bitcoin and receive BTCY for potential APY via a managed covered call strategy, alongside a 100,000 USDC Discount Buy prize pool for the launch.
Leading Forex Broker in United States
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- Chosen by 0+ local traders in the last 3 months.
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Binance has launched BTC Yield, a product that allows users to subscribe using Bitcoin and receive BTCY in return. According to the announcement, BTCY offers a competitive annual percentage yield (APY) through a Binance-managed covered call strategy, and does not require users to actively trade options.
To mark the launch, Binance is offering a 100,000 USDC Discount Buy prize pool, subject to terms and conditions. No additional product details or specific terms were disclosed in the announcement.
How to participate
To join the BTC Yield promotion with Binance and access the 100,000 USDC Discount Buy prize pool, users need to subscribe to BTC Yield using Bitcoin. Interested participants should ensure they have a Binance account and follow instructions on the platform for subscription. Registration for Binance can be completed via the official sign-up link. Always check the promotion terms and conditions on the Binance website for eligibility and further details.
Binance is a large cryptocurrency exchange headquartered in Hong Kong, notable for its high daily trading volumes, range of active users, and proprietary BNB Coin, which supports internal transactions and can reduce commissions. It offers high platform performance, a cold wallet for enhanced asset security, and operates with a grid system for fees and rewards, though users may encounter a complex verification process and occasional technical issues. For additional information, see the broker profile on Traders Union: full review on Traders Union.
In our earlier news about Binance, we covered the launch of bStock trading pairs, allowing users to trade tokenized U.S. equities around the clock. For more details on this initiative and its features, see the previous Binance update on Traders Union.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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