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Crypto Exchange Binance Launches Eighth Phase of Its Lending Product

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Binance Launches Eighth Phase of Its Lending Product

Cryptocurrency exchange Binance has announced the launch of the eighth period of its lending product

In this phase, Binance will start supplying 14-day fixed-term lending products. The readers 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 evolves.
An annualized percentage yield of 10%

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

The annualized percentage return on loans begins at 3% for Bitcoin and reaches 10% for BNB, USDT and BUSD. The market’s CEO Changpeng Zhao commended the high yield of those loans at a tweet delivered on oct 7

Original launch
Binance’s crypto lending product launched at the end of August, as Cointelegraph reported in the time. At first, the ceremony only supported Binance Coin, Ethereum Classic and Tether.

As reported in August, the holding firm of cryptocurrency-friendly Silvergate Bank, Silvergate Capital Corporation, announced that the firm plans to offer cryptocurrency-collateralized loans.

Source – Griffex


Griffex is a marketplace for smart sale and purchase of cryptocurrencies, a flexible trading platform presenting an opportunity for seasoned investors, retail traders, and cryptocurrency enthusiasts at managing multi-currency investment portfolio. Griffex adore the flexibility of trading with multiple cryptocurrencies, the sensational charm in new-age commerce and financing that has attracted millions towards this revolutionary mannerism of investing. Griffex is a rapidly growing number of initial coin offerings (ICO) has led to more than 2000 new cryptocurrencies

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