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The world’s leading cryptocurrency exchange – Binance – is launching a new NFT lending feature. It is designed to enable users to borrow cryptocurrencies using non-fungible tokens as collateral.
- Binance continues its foray into the world of non-fungible tokens.
- According to a press release shared with crypto potato, Exchange is introducing a new feature. This will allow users to borrow crypto using their NFTs as collateral.
- However, it is worth noting that the loans will only be available with select high-profile NFT projects.
- These include the Bored Ape Yacht Club (BAYC), the Mutant Ape Yacht Club (MAYC), Azuki, and Doodle.
- However, the exchange has said that more collections are expected to be added in the near future. Speaking on the matter, Mayur Kamat said:
We have added many features which make it a one stop shop for NFT trading and financial services for our community. We already have low fees and peace of mind, now NFT Lending will add a new form of liquidity for NFT holders, allowing them to participate in the market without giving up their precious NFTs.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
[ad_1]
The world’s leading cryptocurrency exchange – Binance – is launching a new NFT lending feature. It is designed to enable users to borrow cryptocurrencies using non-fungible tokens as collateral.
- Binance continues its foray into the world of non-fungible tokens.
- According to a press release shared with crypto potato, Exchange is introducing a new feature. This will allow users to borrow crypto using their NFTs as collateral.
- However, it is worth noting that the loans will only be available with select high-profile NFT projects.
- These include the Bored Ape Yacht Club (BAYC), the Mutant Ape Yacht Club (MAYC), Azuki, and Doodle.
- However, the exchange has said that more collections are expected to be added in the near future. Speaking on the matter, Mayur Kamat said:
We have added many features which make it a one stop shop for NFT trading and financial services for our community. We already have low fees and peace of mind, now NFT Lending will add a new form of liquidity for NFT holders, allowing them to participate in the market without giving up their precious NFTs.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
