Crypto exchange Binance has launched a new service that allows anyone to gain proceeds through idle cryptocurrency assets.
The new service called Binance Lending Service (BLS) allows anyone to rise holdings by accruing interest via holding crypto funds.
At press time, BLS supports only three crypto assets for lending: binance coin (BNB), ether classic (ETC) and tether (USDT).
However, in order to participate in BLS, users must pass a Level 2 user verification.
According to the announcement, the service will be used in cryptocurrency leveraged borrowing business on Binance.com. The exchange highlights it reserves the right to suspend or terminate Binance Lending service.
If necessary, Binance.com can suspend and terminate Binance Lending service at any time.
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