Binance recently announced its new Dual Investment products. These products will offer updated features like Settlement Dates and Target Prices.
With the features, users can use Buy Low and Sell High products. The subscription for the products started at 10:00 UTC on 7th July. Since the subscription is based on first-come, first-served, users should be quick before the slots run out.
Dual Investment allows users to access Sell High and Buy Low products at a selected date and a selected price. These metrics can be submitted with a future price in mind without worrying about additional fees.
When it comes to the Sell High products, Binance is targeting users who want to earn huge rewards on crypto holdings. It also targets users trying to sell the Deposit Currency for higher prices compared to the current prices.
The Deposit Currency includes ETH, BTC, MATIC, SOL, BNB, ADA, BCH, DOT, FTM, AVAX, NEAR, ALGO, and ATOM. Users can sell these cryptocurrencies for BUSD on two settlement dates; 12th July or 29th July.
On the Buy Low front, Binance is targeting users trying to earn high rewards with stablecoin holdings. It also targets users trying to buy crypto at a low price compared to the prevailing prices. The Deposit Currency for this category includes USDT and BUSD.
On the other hand, users can buy crypto like ETH, BTC, MATIC, SOL, BNB, ADA, BCH, DOT, FTM, AVAX, NEAR, ALGO, and ATOM. The settlement dates for these cryptocurrencies are either 12th July or 29th July.
The APY for the Dual Investment Products Deposit Currency can be between 4% to 168%. Users can easily get acquainted with the process by following these steps:
- Reach the official Dual Investment page
- Choose the preferred cryptocurrency that the users want to buy or sell
- Select an option between Buy Low or Sell High
- Fill in the Target Price and the Settlement Date to conclude the transaction
- Submit the subscription amount
- Use the toggle between to select whether to allow or restrict the Dual Investment Auto-Compound functionality
- Complete the subscription
