A new investment product linked to 2 of the top 10 cryptocurrencies by market cap has been launched by the black and yellow crypto giant
Major cryptocurrency exchange Binance, as part of expanding its network of investment products to offer, launch A new way to invest in XRP and Cardano token ADA.
what is this about?
new XRP- Also, an ADA-oriented product was launched on Binance’s Dual Investments branch. As of today, holders of these crypto assets are invited to deposit their tokens under a subscription, offering a strategy to sell more of these assets at a higher price or, conversely, buy them at a discount. Select.
By choosing a strategy, as well as choosing the desired price that participants predict and the date that price will appear, the tokens will be locked into the product until the selected date, with an annual rate applied to them. A type of option trading, but case sensitive.
In addition to the aforementioned XRP and ADA, the new product basket includes Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and Polygon (MATIC).
It is worth remembering that such products of cryptocurrency exchanges carry risks.In particular, you will get all risk It is related to locking money and tokens into any product, but without the possibility of early redemption.