Binance Lending Prodcuts 2nd Phase to Start Tomorrow

Simultaneously, interest payments for some of the assets were reduced along with lending terms reduction
03 September 2019   236

This Tuesday, the Binance cryptocurrency exchange announced the launch of the second phase of the Binance Lending program, in which users are given the opportunity to transfer their assets to finance margin positions for a set percentage.

The second stage of Binance Lending starts on September 4 at 06:00 UTC. In addition to Binance Coin, USDT and Ethereum Classic, users are now invited to invest in bitcoins, Ethereum and Cardano.

At the same time, the terms of deposits and interest payouts for some assets were changed. BNB, for example, can now be invested for 28 days at an interest rate of 10% per year, whereas at the previous stage the conditions assumed 14 days and 15%, respectively. Similarly, the offer for USDT was changed.

Binance Lending Product Details
Binance Lending Product Details 

Earlier, Binance promised to make adjustments to the Binance Lending program according to user demand, which was reflected at the new stage. At the same time, the product for Ethereum Classic, which is proposed to be provided for 14 days at 7% per annum, has not been changed.

Binance to Launch Fiat-to-Crypto OTC Trading

Binance co-founder also said that the exchange will also add support for OTC trading for the renminbi to increase domestice market presence
20 September 2019   87

Binance cryptocurrency exchange will launch over-the-counter trading (OTC) with fiat currencies within a month, CoinDesk reports.

Binance co-founder He Yi stressed that the exchange will also add support for OTC trading for the renminbi in an attempt to increase its presence in the Chinese market.

Soon, Binance will introduce a payment service that will allow customers from 170 countries to buy cryptocurrencies for fiat on Binance.com.

The exchange launched an OTC platform at the beginning of the year, and in July Binance added a “block trading” service that allows traders to carry out transactions from 10 BTC.