Binance taps into Bitcoin holders’ hunger for yield with new covered call yield play
The product, called BTC Yield, is designed exclusively for people who already hold bitcoin.
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Summary
- Binance debuts a bitcoin yield product exclusively for BTC holders.
- 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.
