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Binance announced that it has distributed over $10 billion in yield to users since 2019 across various products, and introduced BTC Yield (BTCY), a new covered-call strategy for long-term Bitcoin holders.
Binance published a detailed overview of its yield-generating offerings, stating that it distributed over $10 billion in yield to users since 2019 by means of products such as Flexible and Locked Products, Launchpool, Megadrop, Binance Alpha, and HODLer Airdrops. The article also notes that stablecoin holders have received approximately $1.2 billion in yield since 2022, with published annualized rates notably higher than some traditional savings accounts.
Additionally, Binance announced the launch of BTC Yield (BTCY) on July 7, 2026—a covered-call strategy designed for long-term Bitcoin holders. BTCY operates by allowing users to subscribe with BTC, after which Binance implements covered-call options strategies; returns are distributed weekly in BTC, although there are associated fees, risks to principal, and no guarantee of consistent payouts. The introduction of BTCY was framed as an initiative to address the absence of native yield for Bitcoin in a regulated structure.
Binance users interested in the BTC Yield (BTCY) product can subscribe by logging into their Binance account and depositing Bitcoin into the BTC Yield program. Binance will create an internal BTCY representation and manage a covered-call strategy using the subscribed BTC, with possible weekly yield distributions and accumulated premium. For detailed instructions and to join, users can visit the official sign-up link. Please review all terms, risks, and applicable fees before participating.
Binance is a major cryptocurrency exchange based in Hong Kong, known for its high daily trading volumes, liquidity, and a large number of active users. Key features include low commissions due to high trading volumes, support for its proprietary BNB Coin for fee reductions, high platform performance, and a proprietary cold wallet for asset security. For further details, see the broker profile on Traders Union: broker profile on Traders Union.
For background, see our earlier news about Binance, which detailed the broker’s support for the major Polygon (POL) network upgrade and hard fork—an important move ensuring platform security and smooth operations. Learn more by reading the previous Binance update on Traders Union.