Binance Loans Kicks Off with Interest Discounts

All users of the Binance ecosystem will be eligible to borrow on this platform against a host of cryptocurrencies, including Tether and BUSD. In an effort to bring more crypto borrowers to its platforms, Binance will offer interest rate discounts.

The world’s largest crypto exchange by volume is interested in creating diversified crypto offering to its users and has its eyes set on the lending business. The staking service, known as Binance Lending, allows users to stake their coins and provide loans to those who may be interested in borrowing digital currencies.

Timeline of Tether