Binance Introduces 'Discounted Crypto Purchase' Product for Investors

The new 'Discount Buy' feature allows users to set target prices for BTC and ETH purchases, enhancing capital efficiency and potential earnings during the waiting period.

BTC
ETH
USDT

Summary

Binance has launched a 'Discount Buy' feature, enabling users to set target prices for purchasing Bitcoin and Ethereum with USDT. This innovative product enhances capital efficiency by allowing users to earn returns while waiting for their desired purchase conditions to be met. Users can configure parameters such as target purchase price, knockout price, investment duration, and fixed annual yield, making it a strategic tool for investors.

Terms & Concepts
  • Discount Buy: A product by Binance that allows users to buy cryptocurrencies at lower than market prices or earn yield based on their investment strategy.
  • Target Buy Price: The price set by users at which they aim to purchase cryptocurrencies, typically lower than the current market price.
  • Settlement Price: The average price during a specified time on the settlement date, used to determine the outcome of the Discount Buy transaction.