Jakarta, Indonesia - Binance, the world's leading crypto asset trading platform, has just announced the launch of BFUSD, a profitable margin asset designed specifically for futures users. Through its official blog, Binance revealed that $BFUSD is here to support users in trading futures, while also providing additional rewards.
#BFUSD is an exclusive product only available on Binance, created to enhance the futures trading experience of its users. By holding BFUSD, users have the opportunity to earn daily rewards of #USDT even more interestingly, the rewards will increase if users transact#futuresUSDⓈ-M using BFUSD as margin. All funds for this are provided through delta hedging and $ETH staking strategies by #Binance.
In addition, BFUSD can be exchanged for#stablecoinUS dollars. As a measure to protect its users from negative financing rates, Binance has set up a reserve fund of 1 million USDT. This fund is intended to act as a cushion to overcome unfavorable market conditions such as negative financing rates. This reserve fund will also continue to add a portion of BFUSD's daily rewards, growing along with BFUSD's investments and hedging strategies, and ensuring protection from negative financing rates.
Currently, USDT is the only supported currency for BFUSD purchases. In addition, users must enable multi-asset mode to be able to use BFUSD as margin.
About Binance
Binance is a world-leading cryptocurrency exchange and trading platform offering a wide range of services to millions of users worldwide. With a commitment to innovation and security, Binance continues to be the top choice for crypto traders and investors.
Visit Binance.com for more information about#BFUSDand a chance to earn daily rewards.