Home / Blockchain Technology / Binance Increases Small Investors’ Bitcoin Savings Rate By 6x

Binance Increases Small Investors’ Bitcoin Savings Rate By 6x

[ad_1]

The Binance cryptocurrency exchange has changed the flexible savings rate structure for Bitcoin and the stablecoins USDT, BUSD, and USDC.

Our flexible savings tool allows you to permanently block crypto assets at a relatively small percentage and withdraw them at any time.

The following table shows the structure of the savings rate.

Data: Binance.

The following APYs are available for Bitcoin:

Level 1 (Level 2 (0.05 BTC-0.5 BTC)-1%, Level 3 (> 0.5 BTC)-0.1%.

Previously, the BTC per capita ratio was 0.5%. So for a small amount of Bitcoin, it is a 6x increase.

For stablecoins USDT, BUSD and USDC, there is a two-tier APY rate system ranging from 0.3% to 3% (large to low).

The new rate structure goes into effect today (November 2) at 00:00 UTC.

Recall that last October, Binance established a $1 billion fund to develop and support the Binance Smart Chain ecosystem.

Subscribe to ForkLog YouTube Channel

Did you find an error in the text? Select it and press CTRL + ENTER

Information source: 0x information compiled from FORKLOG. The copyright belongs to the author Алекс Кондратюк, reprinting is prohibited.

[ad_2]

About digital123