June 19, 2024

Cryptocurrency lending on Binance with a rate of up to 15% per annum

Cryptocurrency lending on Binance with a rate of up to 15% per annum

The cryptocurrency industry ecosystem is constantly evolving. During yesterday's Merry ChristmasThe CEO of the largest cryptocurrency exchange Binance, Changpeng Zhao, announced on Twitter the start of distribution of the cryptocurrency lending platform API.

We earn on an unused cryptocurrency

Lending using cryptocurrency canto become "the next big thing in the industry." Binance is following this new trend by releasing its own crypto lending API. Changpeng Zhao reports that Binance is becoming a pioneer in crypto lending APIs.

Binance Development Unit Releases Kitapplication programming interfaces (APIs) for cryptocurrency lending. The code and instructions were uploaded to the official GitHub platform repository.

API tools are traditionally used forIntegration of Binance services on third-party websites. Therefore, in the near future we can expect the beginning of a rapid mass introduction of Binance lending tools.

Currently, Binance Lending, one of the mostadvanced cryptosystems for lending or borrowing, offers more than 50 credit programs using bitcoins (BTC), 13 altcoins and three stable tokens (USDT, BUSD and USDC). The terms of these programs vary from seven to thirty days.

Binance also offers very high interest rates - up to 15 percent of expected annual returns. The maximum annual interest rate for stable coins is 10 percent.

Cryptocurrency lending on Binance with a rate of up to 15% per annum

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Recall, on Twitter, a dispute erupts betweentraders around the prospects for Ethereum next year to reach a new historic high. The hypothesis is that the introduction of ETH 2.0 can contribute to the explosive rise in the price of cryptocurrencies to $ 10,000.

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