Binance debuts BTC Yield for bitcoin holders
Binance has introduced a new product called BTC Yield, designed exclusively for people who already hold bitcoin.
The product runs a systematic covered call strategy, bringing yield-generation strategies to a wider pool of potential investors.
Returns are not guaranteed, especially if bitcoin’s price rises and the call options are exercised.
The product generates potential returns in two ways, including a portion of the premiums collected from selling BTC call options.