Binance Launches BTC Yield for Long-Term Bitcoin Holders

Binance has launched BTC Yield, a covered call strategy that allows long-term Bitcoin holders to seek potential weekly income without actively trading the market.

The new product is designed for users who want to earn income from their Bitcoin holdings but are reluctant to sell or trade during periods of weaker market sentiment.

According to Shunyet Jan, Head of Exchange and Trading at Binance, 'Covered call strategies have long been used in traditional finance, but they can be complex for retail users to access directly. With BTC Yield, we are simplifying that experience for Bitcoin holders who want income potential without actively trading the market.'

BTC Yield is powered by a covered call strategy that seeks to generate option premiums from Bitcoin holdings.