Binance Lending Phase 2: brings support for BTC, ETH, ADA

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On Wednesday, Binance launched the second phase of its crypto lending platform, Binance Lending. Binance announced on August 26th that it will launch a lending platform on August 28th.

Phase one went live on August 28th which offered 14-day fixed-term lending products for Tether(USDT), Binance Coin(BNB), and Ethereum Classic(ETC). They published an article on their website in which they explained what the second phase is all about. The second phase offered support for three additional cryptocurrencies: Bitcoin(BTC), Ether(ETH), and Cardano(ADA).

Below are the details of the lending products that are currently on offer:

The subscription period is from September 4th to September 5th and follows the “first-come-first-served” format. The interest calculation period will start on September 5th.

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Vineet Chaudhary
Vineet Chaudhary
Vineet Chaudhary is a content writer with computer applications as his background field. His interests range from writing and photography to going out for trips and rides on weekends.

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