CoinDesk·3 min read·medium
Binance taps into Bitcoin holders’ hunger for yield with new covered call yield play
O
Omkar Godbole
✦AI Summary
Binance has launched a new product called BTC Yield that allows Bitcoin holders to earn returns through a covered-call strategy. The exchange manages the complex options trading behind the scenes, distributing premiums to users in the form of additional Bitcoin.
The product, BTC Yield, is available inside Binance Earn and is designed exclusively for people who already hold bitcoin.
businesscryptotechnology
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