Binance features interest earning opportunities for HODLers of Crypto:
Crypto exchange Binance is now offering users up to 15% in annualized interest for lending their crypto assets such as BNB, ethereum classic (ETC) and USDT.
The annualized interest rate for the initial lending products with a 14-day fixed maturity term, has been set at 15 percent, 10 percent and seven percent, for BNB, USDT, and ETC, respectively. Binance puts out a total subscription cap of 200,000 BNB, 5 million USDT and 20,000 ETC.
Binance Lending will be available for customer subscription starting from 6:00 UTC on Aug. 28, on a first-come, first-served basis.
Initially, users will be able to lend their U.S. dollar-pegged USDT, ethereum classic (ETC) and Binance’s BNB cryptocurrency in order to earn interest, payable from Aug. 29 to Sept. 11.
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