DEFI
Binance launches Dual Investment product
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In a Nov. 14 announcement on X, Binance shares the news of Dual Investment products with updated target prices and settlement dates.
According to the website, Dual Investment will allow individuals to purchase or sell cryptocurrency at a predetermined price and date in the future.
Rewards, regardless of direction
The announcement shares that the Dual Investment product will be available in a subscription format based on a first-come, first-served basis, with updated target prices and settlement dates.
The Dual Investment platform offers opportunities to earn rewards by participating in buy low and sell high products, allowing users to set their chosen price at a future date without incurring fees.
The announcement was released as a general statement, meaning not every region will gain access to these products and services.
The focus is DeFi wallets
Alongside the new Dual Investment product, CEO Changpeng Zhao, widely known as CZ, has also recently shared his concerns around defi wallets.
According to Zhao, these wallets currently pose safety challenges and are perceived as difficult to use. Binance has since initiated efforts to address these issues through the introduction of their new web3 wallet; however, Zhao acknowledged that there is still substantial work ahead.
Despite ongoing regulatory uncertainty, Binance appears to be moving ahead with new releases.
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