Cryptocurrency exchange Binance has introduced new Dual Investment products as well as updated Target Prices and Settlement Dates.
Users of the exchange have access to a new lineup of Dual Investment products, which includes BTC, ETH, SOL, MATIC, ADA, BNB, DOT, BCH, AVAX, FTM, ALGO, NEAR, ATOM, XRP, DOGE, and LTC.
Dual Investment provides the ability to sell cryptocurrencies at high prices or buy them at lower prices, Binance reported.
Users will be able to sell at a higher price than the market price on the subscription date, using pairs ETH for BTC and BNB for BTC or ETH. ETH, SOL, MATIC, ADA, BNB, DOT, BCH, AVAX, FTM, ALGO, NEAR, ATOM, XRP, DOGE, or LTC for USDT and BUSD are also available.
Users who wish to receive higher rewards for their stablecoin assets can deposit BTC to purchase ETH or BNB, ETH for BNB, and USDT and BUSD to purchase ETH, SOL, MATIC, ADA, BNB, DOT, BCH, AVAX, FTM, ALGO, NEAR, ATOM, XRP, DOGE, or LTC.
To access Dual Investment products, Binance users must subscribe to them by enabling or disabling the automatic Dual Investment linking feature via the toggle button.
The exchange notes that the annual percentage rate will change in real time based on market fluctuations prior to subscription but will be locked once the subscription is confirmed. In addition, Dual Investment products cannot be redeemed before the settlement date.
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