• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Binance Launches $BFUSD with Unique Perks for Traders

user avatar

by Giorgi Kostiuk

a year ago

$BFUSD is a new tool from Binance designed to attract active traders by offering unique rewards and features.

What is $BFUSD?

$BFUSD differs from traditional stablecoins, which generally maintain a fixed value. Instead, $BFUSD offers a 19.5% annual yield for futures trading. Rewards depend on the user's VIP level on the Binance platform. To earn rewards, traders must trade daily. $BFUSD can also be used as collateral for margin trading.

It is not a stablecoin but a reward-bearing margin asset for futures trading.Binance Customer Support

$BFUSD is Not a Stablecoin

Binance has made it clear that $BFUSD is not a stablecoin. Instead, $BFUSD acts as an incentive program for high-volume traders on the platform, offering additional reasons to keep trading.

The Binance $BFUSD announcement is more of an incentive program for the platform's whales than a new stablecoin.Defi_Maestro

Why It Matters

$BFUSD helps Binance keep its most active users engaged by providing additional benefits for their activity. It's mutually beneficial: traders receive rewards, while the platform increases trading activity. Currently, $BFUSD is not yet available as the program is being fine-tuned.

$BFUSD offers unique opportunities for active Binance users, helping the platform maintain its appeal and increase trading activity.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

FLOKI Stabilizes After Recent Volatility

chest

FLOKI is showing signs of stabilization, potentially positioning itself for a recovery.

user avatarElias Mukuru

SARB Issues Warning on Crypto and Stablecoins Risks

chest

The South African Reserve Bank (SARB) has issued a warning about the risks associated with crypto assets and stablecoins, highlighting concerns over their potential to circumvent financial regulations.

user avatarKenji Takahashi

South African Reserve Bank Focuses on Payment System Modernization Over CBDC

chest

The South African Reserve Bank prioritizes modernizing the payments system over the immediate need for a retail central bank digital currency (CBDC).

user avatarDiego Alvarez

Elliott Wave Analysis Suggests Continued Upside for Ethereum

chest

Market analysts predict continued upside for Ethereum based on Elliott Wave analysis, with targets set at $3,170 and $3,356.

user avatarMaria Fernandez

Implications of Switzerland's Crypto Tax Data Sharing Delay

chest

The recent delay in Switzerland's implementation of crypto tax data sharing until 2027 offers temporary relief for cryptocurrency investors, but it is crucial for them to prepare for future compliance.

user avatarGustavo Mendoza

Switzerland Delays Crypto Tax Data Sharing Until 2027

chest

Switzerland has announced a significant delay in the implementation of the OECD's CryptoAsset Reporting Framework (CARF) for crypto tax data sharing, now set for at least 2027.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.