- In response to customer demand, Binance has raised BFUSD maximum holding limits by 50%.
- Users will have the option to redeem USDC or USDT from their BFUSD holdings, and they will be able to purchase BFUSD with USDC.
Today, Binance futuresthe largest cryptocurrency derivatives exchange based on trading volume, announced exciting new features and enhancements to Bfusdthe first cryptocurrency emission-issued reward-bearing margin asset. These include a new Pre-Redeem Pre-Redeem Occurrence and Reservation System that provides consumers with additional convenience and flexibility, as well as USDC functionality that allows users to purchase and redeem BFUSD with USDC.
With 760 million BFUSD in circulation and a current reserve fund of 7.2 million USDT since its introduction in November 2024, Binance is showing signs of increasing user confidence and adoption. In response to customer demand, Binance has raised BFUSD maximum holding limits by 50%.
Binance Futures ranked #1 of 20 Premier Centralized Derivatives exchanges in CCDATA’s latest exchange reportwhich was released in November 2024. This indicates that Binance is still at the forefront of the industry thanks to its user-focused product offering and liquidity.
Jeff Li, VP of Product at Binance, commented:
“Users are at the heart of how Binance designs and builds products for users to support their crypto journey. Crypto is a rapidly evolving industry and innovative products and solutions are key to meeting user needs. BFUSD offers Futures users a capital efficient tool that is easy to use and the community response has been encouraging. We’re excited to introduce a number of new features to make BFUSD even more user-friendly, and we’ll continue to listen carefully to community feedback. “
BFUSD now supports USDC in addition to USDT
Users will have the option to redeem USDC or USDT from their BFUSD holdings, and they will be able to purchase BFUSD with USDC in addition to USDT. To streamline user profits into one of the most popular digital currencies, all BFUSD rewards will now be regularly provided in USDC.
To satisfy the demand for liquidity and give consumers more options, Binance supports various STABLECOINS, which is compatible with the extended support of USDC.
Introduction of features before purchase
BFUSD has fast delivery and redemption, and it is completely security. Users can now reserve their BFUSD purchase and redemption allocations during periods of high demand or limited supply thanks to Binance’s new occurrence and contingency contingency features. This shows how Binance anticipates users’ needs in advance and increases their confidence in managing their capital and portfolio.
Additional data metrics that provide users with increased transparency
Three new sets of data metrics are being added by Binance to provide users with more information on how the company is making money to fund BFUSD. These are in addition to the current reserve fund, system safety percentage (ratio), BFUSD delivery, base apy and increased APY metrics.
- APY protocol: The total APY and its components – Derivatives APY (funding fee income), which is produced by Binance’s hedging strategies to collect constant returns from futures markets, and earning APY (STAKE INCOED), which is produced by staking assets like Wbeth – will be displayed on a new historical chart.
- Solvency Metrics: Users can feel confident knowing that the asset is fully supported thanks to the new charts of the total BFUSD supply and system security development, which shows the relationship between BFUSD supply and Binance’s holdings in the BFUSD security pool. Additionally, users can select 7-, 30-, or 180-day timeframes for more in-depth data and trend analysis.
- Transparency Insights: A thorough breakdown of the entire value of all assets and positions backing the BFUSD security pool, giving users a better understanding of how Binance uses its active futures positions for funding fee generation and hedging.
All users can now take advantage of Binance’s zero purchase fees for BFUSD, which has been was extended to 31 March 2025. Before January 29, 2025, eligible users buying BFUSD for the first time can also Sign up for a promotion that offers up to 100% Bonus Apy Rewards.
