HomeNEWSBinance launches new batch of dual investment product

Binance launches new batch of dual investment product


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The world’s largest cryptocurrency exchange by trading volume, Binance has launched a new batch of Dual Investment products. The cryptocurrency exchange made the disclosure today via an official blog post. As indicated, the new batch of the dual investment products comes with updated target prices and settlement dates. 

More so, Binance established that users can leverage the initiative to sell high or buy low products. Also, the exchange revealed that the newly launched service is free and users can buy low or sell high at their preferred price and date. As announced, the dual investment product is targeted at providing pathways for users who intend to earn lucrative rewards on their crypto holdings. 

Similarly, the exchange stated that the package is a good opportunity for users who want to earn high rewards on their stablecoin holdings. Meanwhile, Binance in the announcement shortlisted cryptocurrencies that are available in the dual investment initiative. As announced, through the product, users can sell and acquire top crypto assets like BTC, ETH, BNB, SOL, MATIC, ADA, DOT, BCH, AVAX, FTM, ALGO, NEAR, ATOM, XRP, DOGE, and LTC.

Recent Products From Binance 

It is worth mentioning that Binance in recent times has rolled out a host of game-changing services. The cryptocurrency exchange with these initiatives has strengthened its position as one of the top organizations in the industry. Recall that on November 8, 2023, the cryptocurrency exchange launched a web3 wallet. 

According to a Binbits report, the wallet is equipped with some remarkable features that aid it in providing a pathway to web3. As reported, Binance initiated the wallet to simplify access to the web3 landscape. In the report, Binbits indicated that the web3 wallet permits users to switch swiftly between DeFi and CeFi.

In August 2023, the crypto exchange integrated with Mirror X to provide advanced services for its institutional clients. Then, reports revealed that Binance partnered with Ceffu to actualize the integration. The integration of Mirror X provided Binance with the mechanism of enhancing the gateway to the crypto exchange for institutional clients. 

Tussle with the United States Securities and Exchange Commission 

Despite the efforts to suit its users better, Binance is presently locking horns with the United States Securities and Exchange Commission. In June 2023, the regulator filed 13 charges against the exchange and its CEO, Changpeng Zhao. Furthermore, the regulator accused the exchange and its CEO of commingling users’ funds and sending them to another company belonging to Changpeng Zhao in Europe.

Additionally, in its ongoing case with the regulator, a court in the United States today granted a protective order that would oversee the presentation and use of all evidence produced by any of the parties. The court granted the protective order after Binance and the SEC jointly moved for it.

Accordingly, any party in the ongoing case can classify materials as confidential if it believes the information should be covert. Nonetheless, such material must fall into at least one of the segments defined by the court. 

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David Idowu
David Idowu
David Idowu is a crypto reporter and trader with wealthy years of experience. He believes that blockchain technology has numerous opportunities that are begging for proper utilization. Away from work, David is either reading about World Politics, History or Tech Innovations.

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