The world’s largest crypto exchange Binance on Tuesday announced it has launched a new batch of Dual Investment products with updated Target Prices and Settlement Dates. Users can utilize the sell high or buy low products for top crypto including Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), Polygon (MATIC), Cardano (ADA), and Dogecoin (DOGE).
Binance Announces New Dual Investment Products
Crypto exchange Binance in an official announcement on October 31 revealed a new batch of Dual Investment products. Users can sell high or buy crypto at low prices, with updated target prices and settlement dates.
Users will be able to sell ETH for BTC, BNB for BTC or ETH, BTC for high rewards in the future. In addition, ETH, SOL, MATIC, ADA, BNB, DOT, BCH, AVAX, FTM, ALGO, NEAR, ATOM, XRP, DOGE or LTC for USDT and BUSD.
Similarly, users looking for high rewards on their stablecoin holdings can deposit BTC for buying ETH or BNB, ETH for BNB, and USDT and BUSD for buying similar aforementioned crypto.
Binance customers need to subscribe to it by enabling or disabling the Dual Investment Auto-Compound feature with the toggle button. The APR changes in real-time as per the market and gets locked after the subscription.
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Crypto Demand Rises Amid Market Recovery
With crypto demand rising amid much-needed market recovery, such products will provide investors an opportunity to buy low and sell high.
BTC price has rallied 30% in this month, with the price currently trading at $34,530. The 24-hour low and high are $34,083 and $34,843, respectively. Furthermore, trading volume rise indicates continued demand from traders.
Meanwhile, other crypto such as Solana, XRP, and Dogecoin show promise to further upside move.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.