Binance introduces a new feature that allows users to earn interest on tokens held in their spot accounts. This simplifies the process of earning income from crypto assets.
Innovations in Binance: Interest Earning on Spot Accounts
Binance has activated its 'holding interest' feature, allowing users to earn rewards on specific tokens in their spot accounts. This feature simplifies interest earning and requires the app version 3.1.0 or higher. Currently, it supports tokens like BNB, SOL, ADA, excluding ETH and BTC.
The primary change involves directly crediting interest to users' spot accounts, promoting a streamlined approach compared to prior transfer requirements for interest-earning products. This could potentially increase token deposits on Binance and impact their on-chain availability.
Current Position of BNB and Market Insights
As of August 2, 2025, the price of BNB is $762.45, with a market capitalization of $106.20 billion. The current trading volume has seen an 8.44% increase, with notable fluctuations in recent months indicating a 15.36% rise over 30 days. Data on circulating and max supply suggest sustained interest and market activity.
Analysts from the Coincu research team emphasize that Binance's move could stimulate increased liquidity inflow into the platform as users look for seamless asset accumulation strategies.
Impact of New Features on Liquidity and the Market
The introduction of this new feature by Binance may set a precedent for other exchanges considering user-centric financial services. Additionally, stable regulatory factors, with no immediate updates, provide Binance with the leeway for broader innovation. From a strategic perspective, Binance CEO Richard Teng's earlier statement indicated that 2025 could be 'the year of crypto,' suggesting a positive long-term outlook for the industry.
The launch of the interest-earning feature on spot accounts by Binance opens new opportunities for users, simplifying the process of earning interest and potentially increasing interest in tokens. This could also impact liquidity and the overall market state.
