Key facts
- Binance has launched a new product called BTC Yield.
- The BTC Yield product is for Bitcoin holders.
- The product uses a systematic covered call strategy.
- The strategy aims to generate returns through option premiums.
- The product is designed to provide income without active trading.
Binance, a cryptocurrency exchange, has introduced a new yield product named BTC Yield. This product is specifically designed for individuals who hold Bitcoin. The core mechanism of BTC Yield involves employing a systematic covered call strategy. This strategy aims to generate potential returns for users by earning income from option premiums. The objective is to provide Bitcoin holders with an opportunity to earn income on their existing holdings without requiring them to engage in active trading of cryptocurrencies. The product is intended to offer a passive income stream for Bitcoin investors.