Binance Unveils New Trading Opportunity with LDUSDT
Binance has made another surprise. This time it’s not about launching a new coin or an ambitious blockchain project, but about a new way for traders to get additional profits. Through Binance Futures, this platform is ready to release LDUSDT, a margin asset that can provide returns (APR) even when used for trading.
So it’s not just sitting back and getting interest, but while accelerating the futures position, you can still get passive income. Quite interesting, huh?
Now, even though the name is very similar to USDT, don’t get confused. LDUSDT is not a stablecoin. To be more precise, this is a representation of USDT that is locked in the Simple Earn Flexible product, then converted into a form that can be used for margin trading.
But the funny thing is, even though it has been used as margin, users still get APR. So, technically it’s like renting your own money to the market and getting paid for it. The concept is also crazy.
LDUSDT Lets You Trade and Earn at the Same Time
If usually traders have to choose between saving USDT to get interest or using it for trading, now they can do both. Binance combines the two worlds through LDUSDT. In essence, you can still open long-short positions in futures while getting returns from the funds you put in.
Furthermore, LDUSDT is Binance’s second experiment in combining the concept of margin and passive income. Previously, they had tested the waters through BFUSD. The difference is, if BFUSD provides APY from investment and staking strategies, LDUSDT is more relaxed because it is based on Simple Earn Flexible.
By the way, the launch date of LDUSDT has not been announced, but usually when Binance has announced it, it’s just a matter of days.
14 Tokens Delisted as Binance Refines Its Offerings
On the other hand, Binance is also cleaning up its storefront. They will remove 14 tokens from the platform starting April 16, 2025. Several names, such as BADGER, BAL, and SNT, will be kicked out.
The reason? The results of an internal evaluation plus the Vote to Delist initiative involving the community. So it’s not just a unilateral decision, although in the end Binance still holds the hammer.
This step could be a strategy to focus on assets that have more stable volume and prospects. If we compare it to a shop, it’s like throwing away items that rarely sell so that the space can be used for new stock that turns over faster.
Advisory Roles, New Yields, and FIL Upgrades on Binance’s Plate
Meanwhile, CNF reported that Binance founder Changpeng Zhao has just been appointed as a strategic advisor to the Pakistan Crypto Council. His appointment was announced after he met directly with Prime Minister Shehbaz Sharif and Deputy PM Ishaq Dar. Pakistan’s Finance Minister even called this a “pivotal moment” for the future of crypto in their country.
On the product side, Binance Simple Earn also added the Rootstock Infrastructure Framework (RIF) to the Locked product. For those who subscribe during the promotional period, you can get an APR of up to 9.9%. But yes, as usual, there is a minimum and maximum deposit and a duration of 30, 60, or 120 days.
And, oh yeah, for those holding Filecoin (FIL), Binance will also support the FIL network upgrade today. Starting at 22:00 UTC, FIL deposits and withdrawals will be temporarily closed. But don’t worry, FIL trading will continue as usual.