Binance Launches NFT Loan Feature with Competitive Rates and Instant Liquidity – Starting with Ethereum and Top Collections!

Binance Launches NFT Loan Feature with Competitive Rates and Instant Liquidity - Starting with Ethereum and Top Collections!


Binance is launching a new NFT loan feature that allows digital asset holders to secure ETH loans by using their NFTs as collateral, with competitive interest rates, instant liquidity, and zero gas fees.

The tool, launching on Friday, will at the beginning support Ethereum (ETH) loans and Non-Fungible Token (NFTs) from Bored Ape Yacht Club, Mutant Ape Yacht Club, Azuki and Doodles collections.

Binance Crypto exchange marketplace is launching a non-fungible crypto token (NFT) loan feature where digital investment holders can secure Ethereum (ETH) loans by using their Non-Fungible Token (NFTs) as collateral.

The new service, was known Binance Crypto exchange Non-Fungible Token (NFT) Loan, “will allow people to use blue-chip Non-Fungible Token (NFTs) to borrow cryptocurrency, beginning with Ethereum (ETH), explaining the advantages of Decentralized Finance to the Binance Crypto exchange Non-Fungible Token (NFT) community,” Binance Crypto exchange stated in a news release. Reports by the platform, the tool offers competitive interest prices, instant liquidity, zero gas charges and liquidity protection.

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The tool, launching on Friday, will at the beginning support Ethereum (ETH) loans only and Non-Fungible Token (NFTs) from Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Azuki and Doodles collections. The platform intends to roll out new options in the future.

Toby Leah Bochan.

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