Golden Finance reports that Binance has been making frequent moves in the digital currency field, bringing users a brand-new experience. According to Binance’s announcement, its platform’s HOME capital preservation and coin earning current account product was officially launched at 23:00 (UTC+8) on June 12th. It is worth mentioning that when this product was launched, it also simultaneously supported “one-click coin buying”, flash redemption and leveraged trading services.
In terms of spot trading, within the first hour of the product’s launch, users have a wide range of choices. Not only can transactions be completed conveniently with credit cards, but also the balance in the wallet can be directly utilized for operations. This greatly enhances the convenience of transactions and lowers the threshold for user participation. For instance, new investors entering the market do not need a complicated fund transfer process. They can quickly purchase HOME through a credit card and quickly participate in digital currency transactions.
The simultaneous launch of the flash redemption function provides users with a more flexible way to allocate assets. Users can exchange HOME for mainstream digital currencies such as BTC and USDT for free. In the current rapidly changing market conditions, this functional advantage is fully demonstrated. For instance, when there is positive news about BTC in the market, users holding HOME can immediately convert HOME to BTC through the flash redemption function, seizing the investment opportunity without worrying about the cost of transaction fees eroding their returns.
In addition, the leveraged platform also opened HOME borrowing and related trading pairs at the same time. For investors with a high risk appetite who expect to magnify returns through leverage, this undoubtedly provides new investment strategy options. They can borrow HOME through leverage for trading. If they judge that the market trend is correct, they can obtain several times the returns of ordinary trading. But at the same time, leveraged trading is also accompanied by high risks. Once the market trend goes against expectations, losses will also be magnified accordingly.
Binance has launched multiple functions on its Defi App (HOME) this time, further improving its service ecosystem in the field of cryptocurrency trading. In the past, Binance has also launched fixed-income wealth management products such as Binance Treasure. The launch of the HOME principal-guaranteed money-making current account product this time has enriched users’ choices in wealth management. The simultaneous launch of “one-click coin buying”, flash redemption and leveraged trading services has met the needs of different types of users from multiple dimensions such as trading convenience, asset flexibility and investment strategy diversity.
Whether you are a novice just entering the digital currency field or an experienced veteran player, you can all find a suitable operation method for yourself on the Binance platform. As the market evolves, it is worth the market’s continuous attention to whether Binance will introduce more innovative features on its Defi App (HOME) and how these new features will impact the landscape of the digital currency trading market.
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