This is a general and marketing announcement. Products and services referred to here may not be available in your region.

Fellow Binancians,

Binance Futures is excited to announce the extension of our Zero Purchase Fees Promotion for BFUSD for another 3 months! During the Promotion Period, eligible VIP 0 to VIP 9 users who purchase BFUSD will enjoy zero fees on all BFUSD purchases, subject to the maximum holding limits according to one’s VIP level.

Eligible users who buy and hold BFUSD in their Futures account can receive daily rewards with Base APY! BFUSD holders that trade USDⓈ-M Futures daily will receive a Boosted APY instead, which is higher than the Base APY.

Note: Fees still apply when redeeming BFUSD for USD stablecoin. For more information, refer to this FAQ.

Promotion Period: 2024-12-27 00:00 (UTC) to 2025-03-31 23:59 (UTC)

How to Buy BFUSD:
Binance Website
Step 1: Login to your Binance Account and go to [Futures] - [BFUSD].

Step 2: Click on [Buy] and indicate the amount which you want to purchase.

Step 3: Turn on multi-asset mode & accept the terms and conditions, then click [Confirm] to complete the purchase.

Binance App
Step 1: Go to [Futures], tap [...], and select [BFUSD].

Step 2: Turn on multi-asset mode & tap [Buy] and indicate the amount which you want to purchase.

How does BFUSD Work
BFUSD is a reward-bearing margin asset created exclusively for Binance Futures users. Purchased with USDT, BFUSD allows you to earn passive income while using it as margin in USDⓈ-M Futures trading under multi-asset mode only. By simply holding it in your USDⓈ-M Futures wallet you can qualify for daily USDT rewards, while trading with BFUSD on USDⓈ-M Futures qualifies you for boosted daily USDT rewards.

BFUSD is redeemable for USD stablecoin. Binance uses a delta-neutral strategy to maintain the investment and hedging strategy supporting BFUSD, making it a stable component of your margin. This provides flexibility and reassurance.

BFUSD generates rewards funded by Binance’s investment and hedging strategies, primarily involving delta hedging and staking Ethereum (ETH). These investments and hedging strategies produce passive income, which funds rewards to BFUSD holders.

Guides & Related Materials
Introducing BFUSD: Binance’s Exclusive Reward-Bearing Margin Asset for Futures Traders

What Is BFUSD and How to Use It as Margin in Futures Trading

How to Buy BFUSD and Redeem for USD Stablecoin

How are the Reward Rates for BFUSD Holders determined

Binance Introduces BFUSD: Enjoy Zero-Fee at Purchase and Share 100,000 USDT in Bonus APY and Token Vouchers

Terms and Conditions
Only verified users from eligible regions may qualify for rewards from these promotions.

By participating in these promotions you hereby acknowledge, confirm your understanding, and agree to the BFUSD Terms.

These promotions are only available to users who are enabled for Binance Futures services, and may not be available or may be restricted in certain jurisdictions or regions, or to certain users, depending on legal and regulatory requirements.

Users are responsible for informing themselves about and observing any restrictions and/or requirements imposed with respect to the access to and use of Binance Futures services in each country from which the services are accessed.

Binance reserves the right to disqualify any participants showing any signs of fraudulent behavior immediately (e.g., wash trading, bulk account registrations, self dealing, market manipulation, and more).

Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.

Binance reserves the right to determine and/or amend or vary these Terms & Conditions, its eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done if it is justified due to important reasons, including but not limited to:

Changes in applicable regulations or policies;

Obligations arising out of law or decisions issued by common courts or public administration;

Anti-money laundering or combating financing terrorism rules;

Technical issues beyond our control;

Necessity to protect users from potential losses;

Necessity to protect Binance from the loss of reputation.

Additional promotion terms and conditions can be accessed here.

There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.

Thank you for your support!

Binance Team

2024-12-24

Trade on-the-go with Binance’s crypto trading app (iOS/Android)

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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.

Disclaimer: In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users. Please disregard this activity if you are a user from the EEA. For more information, please click here.

Disclaimer: You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. The reward rates (including the Base Rate and the Boosted Rate) are calculated daily, and are expressed as an annualised percentage yield (APY) for illustrative purposes only. Each reward rate is not representative of the performance of BFUSD for any period other than the particular date specified and is not indicative of future results. The reward rates are likely to fluctuate day-to-day. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. BFUSD cannot be withdrawn or used for any purpose other than as margin in a Binance Futures Account. Redemption restrictions may apply, which may affect your ability to redeem BFUSD for a supported USD stablecoin. This material should not be construed as financial advice. For more information, see our Terms of Use, the BFUSD Terms and our Risk Warning. To learn more about how to protect yourself, visit our Responsible Trading page.
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Binance Increases BFUSD Position Limits to Enhance Futures Trading Flexibility
Binance has announced an increase in the maximum position limits for its yield-based margin asset, BFUSD, on Binance Futures.
The upgrade, set to take effect on December 17, 2024, at 15:00 (UTC+8), aims to enhance trading capacity and flexibility for users across all VIP levels, from VIP 0 to VIP 9.
BFUSD, which can be used as a margin for USDT-M futures contracts, allows traders to earn daily USDT rewards.
Under the new limits, VIP 0 users will see their cap grow from 250,000 BFUSD to 400,000 BFUSD, while VIP 9 traders will experience an increase from 5,000,000 BFUSD to 8,000,000 BFUSD.
The update applies individually to both master and sub-accounts. However, Binance clarified that BFUSD cannot be purchased directly for virtual sub-accounts.
Instead, users can utilize the Binance API to transfer BFUSD from their master accounts.
Despite these improvements, buying or redeeming BFUSD via the API remains unsupported. Binance advises traders to monitor its Futures trading rules for real-time updates and changes.
Meanwhile, Binance has clarified that BFUSD, its new high-yield asset, is not a stablecoin and has yet to be officially launched.
The clarification follows a November 17 post by crypto news aggregator Zoomerfied on X, which mistakenly suggested that Binance would release a stablecoin offering a 19.55% annual yield.
The claim sparked comparisons to Terraform Labs’ failed algorithmic stablecoin, TerraClassicUSD (USTC), known for its similar high-yield promises.
In response to the confusion, Binance’s customer support emphasized that BFUSD is not a stablecoin but a reward-bearing margin product designed for futures trading.
Unlike traditional yield-bearing products, BFUSD allows traders to use it as collateral without locking or staking their funds.
Users can hold BFUSD in their UM Wallet and receive daily airdrops in their UM Futures Wallet, which are determined through periodic snapshots. BFUSD quotas are based on users’ VIP level in the Binance ecosystem.
#Binance #BFUSD #Altcoin #cryptocurrencies #CryptoNews