Binance Introduces LDUSDT: A Reward-Bearing Margin Asset for Futures Traders

Binance Futures is set to launch LDUSDT, a new reward-bearing margin asset designed to provide yields while enabling stablecoin-margined futures trading. This innovative product builds on the success of BFUSD and offers traders an annualized yield of approximately 1.5%, with real-time updates. Additionally, EDX Markets, backed by Citadel, has partnered with BitGo to further crypto adoption, signaling growing institutional interest in the space.

Binance to Launch LDUSDT, a Reward-Bearing Margin Asset

Binance Futures will introduce LDUSDT, a reward-bearing margin asset that accrues rewards to holders. Traders can swap their Tether (USDT) on Binance’s Simple Earn Flexible Product for LDUSDT, which can be utilized as margin for stablecoin-margined futures trading. LDUSDT builds on the success of BFUSD and offers annualized yields around 1.5%, updated minute-by-minute.

Citadel-backed EDX Markets Partners with BitGo for Crypto Adoption

EDX Markets, a cryptocurrency exchange backed by Citadel Securities, Charles Schwab, and Fidelity, has announced a partnership with digital asset infrastructure firm BitGo. The collaboration aims to accelerate institutional adoption of crypto by integrating BitGo’s settlement layer Go Network for instant settlement of digital assets and fiat. EDX will also utilize BitGo’s qualified custody platform, allowing clients to trade and settle with reduced exposure to the exchange. BitGo Prime will join EDX Markets as a member, making EDX’s deep liquidity accessible to BitGo’s pool of liquidity. Infrastructure and regulatory compliance are key to this collaboration, bringing digital assets to traditional finance institutions.