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Binance announces BFUSD upgrade enabling direct access through Binance Earn

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Binance announces BFUSD upgrade enabling direct access through Binance Earn
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Changpeng Zhao, Founder for Binance | Facebook

Binance has announced an upgrade to BFUSD, enabling subscription and redemption directly through Binance Earn without the need for a Binance Futures account. This development was shared in a press release.

According to the official Binance press release, the BFUSD upgrade aims to enhance accessibility and simplify the process for users to acquire and redeem BFUSD. Starting on August 14, 2025, at 00:00 UTC, all users, including those without a Binance Futures account, will be able to interact with BFUSD entirely through Binance Earn. This change aligns with Binance's goal of making its products more inclusive and streamlining processes for users who prefer spot or earn-based investment products over derivatives trading.

As detailed in Binance’s August 11, 2025 press release, the upgrade transfers BFUSD subscription and redemption operations from Binance Futures to Binance Earn. Users with BFUSD balances in Futures accounts can still hold them as collateral for margin trading before and after the migration while continuing to earn daily rewards. The company confirmed that these balances will not be automatically moved to Spot accounts, requiring manual transfers to complete redemptions through Earn. This may impact user workflows during the transition.

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In the same press release, Binance described BFUSD as a "reward-bearing asset redeemable for USD stablecoin" that provides daily rewards without any staking requirement. Its yield is derived from both funding fees and staking rewards, with protection from a dedicated reserve fund to safeguard returns. Following the upgrade, BFUSD will be transferable between Binance Spot, Futures, and Earn accounts but will remain a platform-only asset; it cannot be withdrawn to external wallets or blockchains.

According to Binance’s official corporate profile, it is the world’s largest cryptocurrency exchange by trading volume, operating in over 180 jurisdictions and serving millions of users globally. The platform offers services across spot and derivatives trading, staking, savings, and blockchain education through Binance Academy. The BFUSD upgrade is consistent with Binance’s broader strategy of integrating services to provide a seamless experience across its product ecosystem.

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