Binance Launches $BFUSD with Unique Perks for Traders

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.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Mog Coin Gains Traction as Analysts Monitor Its Growth

Mog Coin continues to attract attention among investors seeking midcap growth with steady price movements and a focus on technological innovation.

Rajesh Kumar15 minutes ago

US Coast Guard's Interception May Disrupt Global Oil Trade

The recent interception of the oil tanker Centuries by the US Coast Guard may have significant ripple effects on global oil trade.

Lucas Weissmann24 minutes ago

US Coast Guard Allegedly Boards Venezuelan Oil Tanker in Caribbean

Reports suggest that the US Coast Guard recently boarded a tanker carrying Venezuelan oil in the Caribbean, although no official governmental confirmations have surfaced yet.

Filippo Romanoan hour ago

Aster and Yooldo Games Shine in a Year of Token Underperformance

Aster and Yooldo Games have emerged as standout performers in a year where most tokens have struggled, with Aster seeing a FDV increase of over 740% and Yooldo Games over 530%.