Binance Launches Coin Purchase Discount through Savings.

BlockBeats News, July 29th, according to an official announcement, Binance Savings has announced the launch of a high-yield structured savings product called Discount Buy, providing investors with an innovative crypto asset allocation solution. Users will have the opportunity to purchase cryptocurrency at a price below the market price, or receive a fixed annual interest rate reward based on market trends.

This product is suitable for users who wish to buy cryptocurrency (e.g., BTC, ETH) in the future at a price below the current price. It can automatically set the purchase price and receive potential gains without the need to constantly monitor market dynamics.

When subscribing to the Discount Buy, users need to set several key parameters: target purchase price, knock-in price, annual percentage rate (APR), and settlement date.

On the settlement date, one of the following three results will be triggered based on the settlement price: 100% principal to buy the cryptocurrency; 50% principal to buy the cryptocurrency; or receive the knock-in annual interest rate.