Binance to launch lending for XMR ZEC and Dash this week

Binance exchange will feature three new coins within the fifth phase of its crypto lending product available for subscription starting from Sept. 20.

Same interest rate for all 3 coins

After initially launching its Binance Lending Service on Aug. 28, Binance will now allow users to lend assets and earn interest with three major altcoins, including privacy-focused coin Monero (XMR), Zcash (ZEC) and Dash (DASH).

Fifth phase of Binance Lending Service. Source: Binance

Similarly to the initial phase, lending products on the fifth phase on the platform will have a 14-day fixed-term lending period after subscription from Sept. 20 to Sept 21. According to the announcement, all cryptocurrencies will have the same annualized interest rate of 3.5%.

Fourth phase offered 3% rate for Bitcoin

In the initial phase, Binance’s……….

Please read Full Article at:

Author: https://cointelegraph.com/news/binance-to-launch-lending-for-xmr-zec-and-dash-this-week