NFT secured loan

26.05.2023

Binance, the largest cryptocurrency exchange in the world, once again confirms its leadership in the market!

NFT-marketplace of the exchange has added the function of issuing a loan secured by non-fungible tokens!

To date, only tokens from Bored Ape Yacht Club, Mutant Ape Yacht Club, Azuki and Doodles collections are available as collateral, and only Ethereum can be received.

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But in the very near future, according to a Binance representative, the exchange will expand the list of available collections as well as cryptocurrencies.

The interest rate on loans is 3.39% per annum. There will be no Ethereum fees.

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