• 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

Bitcoin Exchange Reserves Reach 8-Year Lows Amid Price Recovery

chest

Bitcoin exchange reserves have reached their lowest levels in eight years, indicating a potential accumulation phase among investors.

user avatarDavid Robinson

South Korea's Crypto Tax Legislation Set for 2027 Implementation

chest

The South Korean government is preparing to implement the Income Tax Act for crypto assets in 2027, imposing a 20% income tax rate.

user avatarAndrew Smith

Poland's Prime Minister Urges Crypto Regulation Amid Fraud Scandal

chest

Poland's Prime Minister Donald Tusk links the failure to pass crypto regulations to a fraud case involving the Zondacrypto exchange, emphasizing the need for investor protections and regulatory frameworks.

user avatarJacob Williams

ZachXBT Accuses LAB of Insider Trading and Market Manipulation

chest

Crypto investigator ZachXBT accuses LAB of insider trading and market manipulation, claiming insiders control over 95% of the token supply.

user avatarZainab Kamara

Marex Group Boosts XRP ETF Holdings, Stock Surges

chest

Marex Group disclosed a significant position in XRP ETFs, holding 94 million across two funds, leading to a 15% stock increase.

user avatarSon Min-ho

Ethereum Trades at Critical Long-Term Pivot

chest

Ethereum is trading around 2,250, a historically significant price region that has acted as both support and resistance.

user avatarAyman Ben Youssef

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.