Binance, the world’s largest cryptocurrency exchange, has launched a new crypto lending platform to provide users with an additional way to earn interest on their holdings.
The platform allows users to lend popular cryptocurrencies such as Bitcoin, Ethereum, and stablecoins, and receive interest in return.
Binance’s lending service will offer both flexible and fixed-term options, giving users the flexibility to choose based on their investment goals.
This move is part of Binance’s broader strategy to expand its range of financial services, including staking, savings, and lending products, as it seeks to attract a wider audience beyond traditional crypto traders. The new lending platform is expected to increase user engagement and further solidify Binance’s dominance in the crypto space.
