The tool, launching on Friday, will atย theย beginning support Ethereumย (ETH) loans and Non-Fungibleย Tokenย (NFTs) from Bored Ape Yacht Club, Mutant Ape Yacht Club, Azuki and Doodles collections.
Binanceย Cryptoย exchange marketplace is launching a non-fungible cryptoย token (NFT) loan feature where digital investment holders can secure Ethereumย (ETH) loans by using their Non-Fungibleย Tokenย (NFTs) as collateral.
The new service, wasย known Binanceย Cryptoย exchange Non-Fungibleย Tokenย (NFT) Loan, โwill allow people to use blue-chip Non-Fungibleย Tokenย (NFTs) to borrow cryptocurrency, beginningย with Ethereumย (ETH), explainingย the advantages of Decentralizedย Finance to the Binanceย Cryptoย exchange Non-Fungibleย Tokenย (NFT) community,โ Binanceย Cryptoย exchange stated in a newsย release. Reportsย by the platform, the tool offers competitive interest prices, instant liquidity, zero gas charges and liquidity protection.
The tool, launching on Friday, will atย theย beginning support Ethereumย (ETH) loans only and Non-Fungibleย Tokenย (NFTs) from Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Azuki and Doodles collections. The platform intendsย to roll out new options in the future.
Toby Leah Bochan.
