June 27 (Cointime) - Binance has launched a new batch of Range Bound products with updated Price Ranges and Settlement Dates, which users may utilize to potentially earn higher rewards in times of low market volatility.
Range Bound is a product that allows users to earn rewards when the Reference Price of their chosen digital asset stays within the selected Price Range during the entire Subscription Period.
Users are able to select the Price Range and Settlement Date that most suit their needs from the wide variety of options available. They may also decide the portion of their Subscription Amount to be forfeited (i.e., the Subscription Amount at Risk) if the Reference Price ever touches or exceeds the Upper/Lower Range of the selected Price Range during the Subscription Period. The higher the Subscription Amount at Risk, the higher the Potential APR goes.
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