Blockchain
Binance adds USDC to its dual investment service
Binance, the popular cryptocurrency exchange, recently introduced USDC to its Dual Investment platform, expanding the range of investment opportunities available to users. With this new addition, users can now engage in Buy Low and Sell High products with a selection of USDC pairs, allowing them to earn rewards on a variety of popular cryptocurrencies.
Dual investing on Binance allows users to set their desired price and settlement date for buying or selling cryptocurrencies in the future without any commission. This feature offers flexibility and potential rewards for users who want to accumulate high returns on their cryptocurrency holdings or purchase cryptocurrencies at a lower price than the market rate.
The Sell High option is suitable for users who aim to accumulate higher rewards on their cryptocurrency holdings or sell their deposit currency at a higher price in the future. Supported deposit currencies for Sell High include BTC, ETH, BNB, SOL, XRP, DOGE, LTC, MATIC, ADA, DOT, ATOM, AVAX, FTM, NEAR, ALGO or BCH, with settlement dates starting May 10 on June 28, 2024.
On the other hand, the Buy Low option caters to users who want to accumulate higher rewards on stablecoin holdings or purchase cryptocurrencies at a lower price in the future. The supported deposit currency for Buy Low is USDC and the settlement dates align with those available for Sell High.
To get started with Dual Investment on Binance, users can follow these steps:
- Go to the Dual Investment page on the Binance platform.
- Select the cryptocurrency they wish to buy or sell.
- Choose between the “Sell High” or “Buy Low” option.
- Set your desired price (“Target Price”) and settlement date (“Settlement Date”).
- Enter the subscription amount.
- Enable or disable the automatic double investment dialing function.
- Complete the registration process.
It is worth noting that Dual Investment may stop accepting new subscriptions at any time and the APR (annual percentage rate) is subject to real-time changes based on market fluctuations prior to subscription. Once the subscription is confirmed, the APR will be blocked.
Binance encourages users to visit Dual Investment Beginner Mode, which provides a step-by-step guide to the subscription process and offers a glossary and detailed calculation methodology for a better understanding of Dual Investment products.
Disclaimer: As with any investment in digital assets, prices can be volatile and the value of investments can vary. Users are solely responsible for their investment decisions and Binance is not responsible for any losses incurred. Returns for dual investment products are set at the APR of the deposit currency, which refers to cryptocurrency rewards in the deposit currency, not actual or expected returns in fiat or the target currency.
Overall, the addition of USDC on Binance’s Dual Investment platform expands investment options for users, giving them more opportunities to earn rewards on the most popular cryptocurrencies.
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