The DeFi market is growing and now a major player is coming to town. Recently there have been some issues with outflows from the crypto lending markets but with this major announcement from Binance maybe we could see the start of some stability. Binance exchange are set to lend against Binance coin (BNB), Ethereum Classic (ETC) and Tether (USDT) so that their users can lend their assets and earn interest in a service called Binance Lending. These services are set to start and users must subscribe between August 29-29th. Initially, the lending will only last 14 days but will have interest rates between 7-14%. BNB will have an interest rate of 15%, USDT 10% and ETC 7%, respectively. Over time I am sure the lending period will increase and a whole host of services will develop but at the moment the market is new and needs a beta testing phase. Interestingly as stable coins are being used it is also an opportunity for investors to earn cash that they are not getting from the banks. The competition is hotting up in the chase for yield. Here is a link to the full announcement: Click Here FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Germany needs a new government to end the recession Yohay Elam 4 years The DeFi market is growing and now a major player is coming to town. Recently there have been some issues with outflows from the crypto lending markets but with this major announcement from Binance maybe we could see the start of some stability. Binance exchange are set to lend against Binance coin (BNB), Ethereum Classic (ETC) and Tether (USDT) so that their users can lend their assets and earn interest in a service called Binance Lending. These services are set to start and users must subscribe between August 29-29th. Initially, the lending will only last 14 days but will have… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
