Woofun AI reports that Binance has introduced BTC Yield, an open-ended income strategy denominated in BTC. Designed for long-term holders, this product utilizes covered call options to generate returns without requiring active trading.

Shunyet Jan, Head of Binance's Trading Platform and Trading Business, stated that the product lowers barriers for retail investors to access traditional financial strategies. To mark the launch, Binance announced a limited-time promotion offering eligible subscribers a share of a 100,000 USDC prize pool.