Binance launched a product that enables customers to lend their holdings in USDT, BNB and ETC. Users will be lending for a fixed period of 14 days, which will diversify their holdings and generate income. Exchange giants Binance will be offering lending denominated in three cryptocurrencies. With a fixed term of two weeks, the exchange will be offering to lend of USDT, BNB and ETC. The service which is expected to be live on the 28th of August will work as a way for customers who are holding digital assets to diversify their income. The company website said: “With Lending, Binance users will be able to grow their funds by earning interest income for lending out their holdings over a specific period of time.” Binance Lending offers Binance users a new platform to grow their crypto portfolios beyond trading. Customers can now subscribe their funds to selected Binance Lending products and gain interest over time. CZ, CEO of Binance, said: “Binance Lending is simple and intuitive to use. Users can subscribe to any lending product and earn interest, it’s as easy as that. The interest rate for each product is guaranteed, so your crypto balance will always grow, regardless of how the market moves.” Binance users can choose the number of tokens they wish to allocate to the lending facility. The exchange stated that the lenders are guaranteed to retrieve funds with assured interest after the 14 days guarantee time. Binance is also planning to continue evaluating new coins for the lending facility and offer them depending on demand. 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 Alibaba and Tencent are among the first companies to receive China’s new cryptocurrency FX Street 4 years Binance launched a product that enables customers to lend their holdings in USDT, BNB and ETC. Users will be lending for a fixed period of 14 days, which will diversify their holdings and generate income. Exchange giants Binance will be offering lending denominated in three cryptocurrencies. With a fixed term of two weeks, the exchange will be offering to lend of USDT, BNB and ETC. The service which is expected to be live on the 28th of August will work as a way for customers who are holding digital assets to diversify their income. The company website said: "With… 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.
