PANews reported on July 29th that Binance Wealth Management announced the launch of its innovative "Discounted Coin Purchase" product, allowing users to purchase cryptocurrencies below market price or earn a fixed annualized rate of return (APR) based on market trends. Users must set a target purchase price, strike price, APR, and settlement date, which triggers different outcomes, including 100% or 50% principal purchase, or a strike-out profit.

In addition, to celebrate the product launch, Binance is launching a limited-time promotion where eligible users can enjoy an additional 10% discount on discounted coin purchases. The promotion runs from 4:00 PM on July 29th to 7:59 AM on August 13th (Beijing Time). Users can participate in the purchase through the Binance app or the Binance Finance website.