Fellow Binancians,
Binance Pool has launched the 2nd phase of Dual Savings products on 2020/08/24 (UTC).
Dual Savings Product Details (Subscribe now)
Digital Asset | Annualized interest rate | Strike price (USD) | Limit | Delivery date |
BTC | 11.89% | $14,000 | 35 BTC | 2020/09/28 |
BTC | 22.78% | $13,000 | 15 BTC | 2020/09/28 |
Note:
- Users can view their Dual Savings assets by going to Pool > Dual Savings > Order record icon in the upper right corner.
- The calculation method of the settlement price is based on a BTC price index of BTC prices across seven different exchanges: Bitstamp, Bittrex, Coinbase Pro, Gemini, Kraken, Itbit, and LMAX Digital. During settlement, the highest and lowest prices from these exchanges will be removed from consideration, and the average price of the remaining five exchanges will be used as the final settlement price. The settlement time is 8:00 AM (UTC) on the day the product expires.
- Expiration Date: Refers to the date the investment product ends (settlement). On the expiration date, payment will be automatically returned to your wallet.
- Settlement Currency: Refers to the payment currency, which is determined based on the maximum principle return on the expiration date. The specific settlement currency depends on the difference between the settlement price and the pegged price on the expiration date.
Risk Warning: Cryptocurrency investment is subject to high market risk. Binance is not responsible for any direct, indirect or consequential losses as a result of the trading competition. Please make your investments with caution.
Thanks for your support!
Binance Team
2020/08/24
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