Binance launches BTC Yield, a BTC-denominated yield strategy product designed for BTC holders

Binance announces the launch of a brand new advanced financial product, BTC Yield. BTC Yield is an open-ended yield strategy product priced in BTC, designed specifically for long-term holders who wish to explore potential yield opportunities in Bitcoin without frequent trading.

BTC Yield is currently one of the first Bitcoin covered call yield products launched by mainstream cryptocurrency exchanges for both retail and institutional users, reflecting Binance's ongoing expansion from a trading platform to a broader financial super application. Shunyet Jan, head of Binance Exchange and trading operations, stated: "BTC Yield further enriches the product offerings available to users, allowing them to leverage the value of digital assets in more ways. The covered call strategy is already quite mature in traditional financial markets, but direct participation for ordinary investors usually comes with a high barrier to entry. BTC Yield simplifies this strategy, enabling Bitcoin holders who wish to gain potential yields without frequent market trading to participate more conveniently."

To celebrate the launch of BTC Yield, Binance Wealth Management is offering a limited-time event, where eligible BTC Yield subscription users will have the chance to share a prize pool of 100,000 USDC.