Binance Adds New Assets to Simple Earn Flexible Products
How Does Binance's Simple Earn Work?
Simple Earn Flexible Products is a value-added service to Binance users holding idle digital assets, which allows users to earn daily rewards by depositing assets, either for flexible-term or locked-terms.
As per the announcement made by the crypto exchange, subscriptions will close on a certain product once the maximum limit is reached. Also, Binance Simple Earn may make changes to the supported cryptocurrency, rewards, individual limits, and total subscription limits from time to time. Moreover, the exchange has explicitly stated that it reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reason without prior notice.
In the aftermath of the collapse and subsequent bankruptcy of FTX, the world's largest crypto exchange Binance has been continuously taking steps to foster trust in the crypto community. It has also deployed $1 billion to keep the industry afloat. It is expected that value-added services like Simple Earn would play an important role in dealing with this issue.
