This week began with a new listing announcement by crypto exchange Binance which revealed that it is including Sui (SUI), Binance Staked SOL (BNSOL) and Wrapped Beacon ETH (WBETH) in the Duel Investment offerings. This move will increase options for users' rewards.
Crypto users will be able to earn higher rewards as Sui, BNSOL and Wrapped Beacon ETH are included in the Dual Investment segment.
Traders can maximise their returns by using these tokens as it lets users get some additional earnings when they pledge to sell them at a higher price or buy at a lower price. This is especially suitable for crypto investors looking to cash in price volatility.
One of the major financial features of the crypto exchange Binance is its Dual Investment scheme which lets crypto traders commit to future sell or buy at a predetermined price. This provides them with high returns and flexibility in a volatile market.
With the inclusion of SUI, BNSOL and WBETH tokens, the scope of this Binance feature has broadened as it can cater to a range of investment preferences and strategies.
This comes at a time when the crypto world has moved onto staking solutions and decentralised finance (DeFi).
The Wrapped Beacon ETH is an Ethereum-based digital asset in a wrapped form which is often used on other blockchains. Meanwhile, Sui and Binance Staked SOL are meant to leverage the rise in demand in cross-chain compatibility and staking options.
With this inclusion, the Binance crypto exchange is likely to draw more crypto users who want diverse avenues to build their portfolios. It is also expected to cause a surge in liquidity and trading volumes in Binance which will ultimately benefit the traders.
At the time of writing, Sui was up 7.16% in the last 24 hours to trade at $3.17 while the trading volume has gone down 0.38% to touch $3.27 billion and the market cap is at $9.04 billion. BNSOL and WBETH were trading at $220.45 and $3484 with 5% and 4.67% gain in the last 24 hours respectively.