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.
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.