• 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

10 months 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

SharpLink Gaming Continues Share Buybacks and Expands ETH Holdings

chest

SharpLink Gaming has repurchased one million shares of SBET and increased its ETH holdings, focusing on stockholder value.

Kofi Adjeman

Viral Egg Stream Attempts to Break Records

chest

A spinning egg on Pumpfun aims to become the most-watched egg of all time. A stream featuring a spinning egg is gaining viewers and attention, inspired by the world record egg on Instagram. This stream has generated significant creator rewards and viewer interest.

Nguyen Van Long

Bizarre Talent Show Auditions at Basedd House

chest

The Basedd House squad is hosting a talent show featuring unusual performances.

Jesper Sørensen

Peter Schiff Warns Bitcoin May Be Topping Out Ahead of Fed Meeting

chest

Peter Schiff warns that Bitcoin may be reaching its peak as traders await a Federal Reserve decision, noting a loss of momentum despite gold and silver performing well.

Wei Zhang

Geopolitical Tensions Rise in Venezuela Amid US Strikes

chest

Geopolitical turmoil is escalating in Venezuela as the US has conducted two strikes on vessels allegedly linked to Venezuelan drug trafficking, resulting in multiple casualties and increased tensions.

Rajesh Kumar

BRICS Nations to Maintain Oil Imports from Russia Amid US Sanctions

chest

BRICS nations, especially India and China, are likely to maintain and possibly increase oil imports from Russia despite US sanctions, benefiting from competitive prices and solidifying trade relationships.

Lucas Weissmann

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.