- This comes after regulatory clarification lifted earlier limitations on certain yield and lending products.
- This enables Binance to once again provide qualified high-net-worth firms, investment experts, and other exempt groups with products.
The biggest cryptocurrency exchange in the world, Binance, has announced that qualified UK Professional Users will now have access to its Binance Earn suite. This comes after regulatory clarification lifted earlier limitations on certain yield and lending products.
Following a review of the application of specific exclusions under the Financial Promotions Order and Promotion of Collective Investment Scheme Order, as well as developments in UK legislation indicating that staking is exempt from categorization as a collective investment scheme, the adjustment was made. This enables Binance to once again provide qualified high-net-worth firms, investment experts, and other exempt groups with products like Simple Earn (Flexible and Locked), Liquid Staking (WBETH and BNSOL), Crypto Loans, RWUSD, Super Earn, On-Chain Yields, and Soft Staking.
A Binance spokesperson stated:
“Professional investors in the UK have been asking for access to our Earn products, and we are excited that today we can deliver that in full compliance with local regulations. These are sophisticated clients who understand the asset class and want innovative, flexible tools to grow and manage their crypto portfolios.”
Staking Demand Soars Among Professional Investors
Staking has quickly become as a professional investor’s favored approach. Staking offers competitive rates and contributes to network security by keeping assets within the blockchain protocol, unlike lending. Additionally, it grants participants governance rights, allowing them to have a say in important protocol choices.
The Binance spokesperson stated:
“Staking is unique because it’s not just about returns. It’s about alignment. Professional investors see it as a way to actively contribute to the long-term success of the networks they believe in, while earning yields that often outperform traditional fixed-income products.”
Staking returns, which may sometimes approach 10% yearly, are becoming more attractive to investors looking for steady, long-term income without continual active trading as global interest rates decline.
Binance’s Global Leadership in Earn Products
In terms of staking and yield offers, Binance leads the global market. With a market value of over $9 billion, its Ethereum liquid staking token, WBETH, now commands a 20% market share. Over the previous month, circulating supply has increased by 18%, which is the fastest rise among major sources.
Similarly, BNSOL, Binance’s in-house Solana liquid staking token, is the second-largest SOL LST worldwide with around $1 billion in TVL and over 150,000 Earn users. It is an essential component of Binance’s ecosystem and is integrated with over 20 external protocols as well as significant Binance products including Spot, Convert, Auto-Invest, Margin, Earn, Loans, Fiat, Wallet, and API.
The Binance spokesperson stated:
“Binance has unmatched reach and infrastructure. We’re the largest centralised exchange globally for both spot and perpetual markets, and our ecosystem lets clients stake, trade, borrow, lend, and manage capital seamlessly in one place. That’s why professional users trust us with over 90% of WBETH’s supply.”
With this update, Binance is confirming its commitment to provide institutional-grade products, strong security, and the widest range of earning possibilities in the market to the most sophisticated investors in the UK.
Binance spokesperson concluded:
“This is more than just reopening access. It’s about giving the UK’s professional investors the tools they need to lead in the next chapter of the crypto economy.”
Disclaimer: This communication is directed at persons having professional investment experience and any investment or investment activity described in this announcement is available only to such persons. This announcement should not be relied on by any person who does not have professional experience in matters relating to investments. Products and services referred to here may not be available in your region.
