Binance adds LUMIA to Simple Earn product list
Binance adds LUMIA to Simple Earn product list
Binance, one of the largest cryptocurrency exchanges globally, announced the addition of LUMIA to its Simple Earn Locked Products, offering new opportunities for users seeking to generate passive income through digital assets.
“Subscribe to LUMIA at Simple Earn Locked Products during the promotion period to earn up to 19.9%* in rewards per year!” - stated on the exchange's website.
The new Simple Earn Locked Product featuring LUMIA is set to provide fixed-term savings options, giving users a way to earn rewards at predetermined rates by locking up their LUMIA tokens for specified periods.
According to Binance, the promotion on LUMIA will run from 10:00 (UTC) on 10/21/2024 to 09:59 (UTC) on 03/21/2025. Investors can choose different lock-in periods, from 30 days to 90 days, with rates ranging from 6.9% to 19.9%.
Simple Earn products on Binance have grown in popularity as they offer a straightforward approach for users to enhance their crypto holdings without having to engage actively in trading. With LUMIA now part of the product line-up, Binance aims to cater to a broader spectrum of users, including those looking to invest in promising emerging tokens.
By integrating LUMIA into Simple Earn Locked Products, Binance is giving token holders a chance to put their holdings to productive use. This move highlights Binance's commitment to expanding its user-centric offerings and giving users more options to earn passive income, even as the broader crypto market navigates volatile conditions.
Recall, Binance took the first place among other crypto exchanges, reaching the trading volume of $100 trillion.
Read also: BTC $1.35 trillion milestone fuels wealth distribution debate
