COINOTAG News reports on November 26th that Binance has officially introduced BFUSD, an innovative interest-bearing collateral asset designed for its futures trading ecosystem. This new asset provides an opportunity for active futures traders to generate rewards by holding eligible BFUSD balances within their futures wallets. Notably, traders can utilize BFUSD as collateral in the cross-collateral mode, enabling them to optimize their trading strategies while simultaneously accruing rewards. This development underscores Binance’s commitment to enhancing user engagement and maximizing the utility of their platform’s features. As the cryptocurrency market continues to evolve, the introduction of BFUSD signifies a vital advancement in promoting capital efficiency and reinforcing trader incentives within the futures market.
Source: https://en.coinotag.com/breakingnews/binance-unveils-bfusd-the-groundbreaking-interest-bearing-asset-for-futures-trading/