The world's largest cryptocurrency exchange Binance announced that it will list a new cryptocurrency on its platform.
In a statement made today on its official website, Binance announced that it will add BFUSD to its platform and open the BFUSD/USDT trading pair for trading at 17:00 TR time. The company will launch a zero commission campaign for this trading pair to celebrate the listing.
According to Binance's announcement, the campaign will start at 17:00 TR time and will continue until a second announcement is made. During this period, users will be able to trade the BFUSD/USDT pair without any fees in both spot and margin transactions if available. However, these trading volumes will not be included in the VIP level volume calculations or liquidity provider programs.
BFUSD, developed by Binance, is introduced as an innovative asset that allows users to earn daily rewards in USD stablecoin based on the suitable balances they hold in their accounts. Additionally, BFUSD can be used as collateral in Multi-Assets Mode on Binance Futures. BFUSD can be converted into USD stablecoin upon request.
Binance stated that BNB discounts, referral commissions, and other adjustments will not be applicable on transactions made during the campaign period. Furthermore, deposit and withdrawal transactions for BFUSD are currently not available.
With the listing of BFUSD, Binance aims to offer its users both a stable investment tool and additional profit opportunities. It was announced that when BFUSD was first introduced by Binance, it would offer a profit opportunity of up to 20% annually.