Crypto Lenders to Offer Risk-Adjusted Returns

Binance Launches Reward-Bearing Margin Asset

By Cointelegraph February 1, 2023

Binance, the world's largest cryptocurrency exchange, has launched a new margin trading asset that rewards users for holding and trading specific digital assets. The new asset, called Binance Margin Token (BMN), is a reward-bearing margin asset that incentivizes users to hold and trade certain cryptocurrencies.

BMN is a new type of asset that is designed to reward users for their participation in the Binance ecosystem. The token is earned by users who hold and trade certain cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). The more users trade and hold these assets, the more BMN they will earn.

BMN can be used to pay for trading fees, margin interest, and other services on the Binance platform. It can also be traded for other cryptocurrencies or fiat currencies.

The launch of BMN is part of Binance's efforts to incentivize users to participate in the cryptocurrency market. The exchange has been working to develop a more robust and rewarding ecosystem for its users, and the introduction of BMN is the latest step in that direction.

"Binance is committed to creating a more rewarding and engaging experience for our users," said Changpeng Zhao, CEO of Binance. "The introduction of BMN is a major step in that direction, and we believe it will help to drive growth and participation in the cryptocurrency market."

BMN is now available for trading on the Binance platform. For more information, please visit the Binance website.