Binance Introduces New Dual Investment with BTC, ETH, BNB
Binance announced today the launch of a new set of Dual Investment products. These products come with updated Target Prices and Settlement Dates, allowing users to either «Sell High» or «Buy Low» on a variety of cryptocurrencies.
Dual Investment is an investment vehicle that doesn't guarantee the protection of the principal amount invested. The primary risk associated with this product stems from market price fluctuations. During periods of high market volatility, accurately forecasting the gap between the target price and the actual market price at the time of settlement can be challenging. This uncertainty also extends to predicting the currency in which the settlement will occur. Hence, prior to subscribing, it's crucial to fully comprehend both the features of the product and the associated risks.
Subscription Mechanics
The subscription format for these new products is on a first-come, first-served basis. According to the announcement, Dual Investment allows users to set a specific price and date in the future for buying or selling selected cryptocurrencies, all without incurring any fees. Once subscribed, the Annual Percentage Rate (APR) will be locked in, despite any market fluctuations that may occur before the subscription.
Target Users and Currencies
The «Sell High» products are designed for users who aim to accumulate higher rewards on their cryptocurrency holdings or sell their deposit currency at a future date for a price higher than the market rate at the time of subscription. The «Buy Low» products, on the other hand, are tailored for those who wish to accumulate high rewards on stablecoin holdings or buy a cryptocurrency at a future date for a lower price than the current market rate.
Settlement
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