Binance Introduces BNB Vault to Expand Binance Earn Features

Cryptocurrency Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Binance announced a new feature on Binance Earn today. Dubbed ‘BNB Vault’, the new feature combines multiple Binance products to maximize the income potential of Binance users.

BNB Vault is an integrated product that combines multiple income benefits of Binance Smart Chain (BSC), DeFi Staking, Launchpool, Savings, and many other products through one interface to make it easy and flexible for the users.

The single function feature now allows the BNB community to access everything on Binance Earn. In an official press release, the exchange mentioned that the BNB Vault will allow users to earn an estimated Annual Percentage Yield (APY) of 5% to 10%.

The new feature helps Binance users to place their BNB for yields in one place to maximize the earning potential. It is also helpful for those who may be unsure about which Binance Earn products to use.

How BNB Vault Works?

Binance users can now use this feature by going to the BNB Vault page on Binance Earn and by clicking stake. The details of all the benefits attached to BNB Vault are listed there, including Launchpool tokens gained from staking BNB, income from DeFi staking offer, benefits related to participation in Binance Smart Chain, and rewards from Binance Flexible Savings products. According to the company, an estimated APY on Binance Vault stands at around 5% to 10%. BNB Vault is a part of Binance’s larger goal of launching decentralized solutions through Binance Smart Chain.

Binance recently added new features to its branded debit card which allows Binance users to convert their Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term in fiat and also to spend them at more than 60 million locations around the world. Moreover, Binance introduced ‘Daily Cashback’ feature’ on its card to make cashback available for users on a daily basis. Furthermore, the exchange expanded its loan platform and added CTK, the native token of CertiK blockchain.