August 26, 2019 Binance to offer a cryptocurrency lending platform.

Subscribing users can lend BNB, USDT, and, unconventionally, ETC, at respective total caps and interest rates of $200k/15%, $5 million/10%, and $20k/7%. While the service was first announced at Binance’s London AMA, the official launch has since clarified particulars. This expansion follows the rapid growth of other cryptocurrency lending services, such as BlockFi and Compound Finance.

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