According to the announcement from Binance, the platform has expanded access to its Earn products for qualifying UK Professional Users. This development follows recent changes in UK regulations, which now exempt staking from being classified as a collective investment scheme. As a result, Binance can offer a wider range of Earn products to UK Professional Users, including Simple Earn, Liquid Staking, Crypto Loans, On-Chain Yields, Super Earn, RWUSD, Soft Staking, and BFUSD.
The newly available products aim to optimize asset utilization through flexible yield options and provide access to innovative real-world asset products like RWUSD, a reward-generating stablecoin. Additionally, users can manage liquidity with crypto loan options and participate in staking without intermediaries. These offerings are designed to empower UK Professional Users, who represent a high-net-worth and investment-experienced segment of Binance's user base.
Binance's decision to restore access to these financial products aligns with its broader mission of enabling financial freedom while adhering to evolving UK regulatory guidance. The platform remains committed to maintaining a compliant and user-centric experience, with plans to introduce additional product access that meets the needs of users and local regulators. This move is part of Binance's ongoing efforts to expand its services and provide more options for managing digital assets.
UK Professional Users can access these products by checking their eligibility and following the registration steps outlined in Binance's FAQ. Once registered, users can explore the full suite of Binance Earn products, select their preferred token and term, and subscribe to the offerings. Binance emphasizes the importance of understanding the risks involved in digital asset investments and encourages users to consult independent financial advisers before making investment decisions.