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Briefing
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- Binance Lending – Crypto trading platform Binance announced Binance Lending, which lets subscribed users loan their cryptocurrencies while earning interest starting August 28, 2019
- Cryptocurrencies Supported – Include Ethereum Classic (ETC), U.S. dollar stablecoin USDT and Binance Coin (BNB) for seven percent, 10% and 15% annualized interest rates respectively, with more digital assets to be added
- Lending Limit – Each subscriber can lend up to 500 BNB, 1 million USDT, and 1,000 ETC initially on first-come first-served basis on 14-days maturity, with holding periods to possibly vary for different lending products
- Lottery Participation – Subscribers can also earn two lottery tickets to potentially allocate their BNB to new token sales launched on Binance Launchpad
- Margin Trading – Another new service announced in July 2019 that allows traders to borrow funds from other users to gain greater leverage in trading in return for interest
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Accelerator
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Market Disruption
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Sector
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Financial Services, Information Technology
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Organization
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Binance
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Source
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Original Publication Date
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August 26, 2019
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