RATE Group | Crypto Exchange Binance Launches Eighth Phase of Its Lending Product
64669
post-template-default,single,single-post,postid-64669,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Crypto Exchange Binance Launches Eighth Phase of Its Lending Product

08 Oct Crypto Exchange Binance Launches Eighth Phase of Its Lending Product

Posted at 23:17h in Cryptocurrency News by

[ad_1]

Cryptocurrency exchange Binance has announced the launch of the eighth phase of its lending product on Oct. 7.

In this phase, Binance will start offering 14-day fixed-term lending products. The subscribers will be accepted on a first-come, first-served basis. The subscription period begins on Oct. 10 and ends on Nov. 10, while interest will be paid immediately after the term matures.

An annualized percentage yield of 10%

The digital assets included in the program are Binance Coin (BNB), Bitcoin (BTC), Binance USD (BUSD), EOS, Ethereum Classic (ETC), Ether (ETH), Chainlink (LINK), Tether (USDT) and XRP.

The annualized percentage yield on loans starts at 3% for Bitcoin and reaches 10% for BNB, USDT and BUSD. The exchange’s CEO Changpeng Zhao praised the high yield of those loans in a tweet sent on Oct. 7:

“How much interest is your $USD making for ya in the bank? Convert them to $BUSD and let them start to make 10% APY for you.”

Original launch

Binance’s crypto lending product…

[ad_2]

Source link

Tags:
, , , , , , ,