Binance Will Offer Loans To BNB Tokens Holders
The world’s largest cryptocurrency exchange, Binance announced a partnership with a decentralized global lending network platform Libra Credit to offer fiat and cryptocurrency loan to BNB token holders through its platform.
This latest partnership was announced on July 27, allowing cryptocurrency investors to collateralize their coins to initiate loan when the Libra Credit platform will be go live.
The partnership between Binance, and Libra Credit will make it possible for lenders to collateralize their coins in exchange for fiat and cryptocurrency loan. The landers will also get benefit by increases in the value of coins and keep the final ownership
About Libra Credit
Libra Credit is decentralized global lending network platform and has main focus on lending by using machine learning and blockchain technology.
Libra Credit gives a different type of loans.
1- Crypto to Fiat Loan
2- Crypto to Stable Coin Loan
3- Crypto to Crypto Lending
What people doesnt know i believe, Binance is one of those exchanges who have STEEM as crypto in their portofolio and can be trade for ETH BTC and BNB. Now with fiat, will be way more easy for some users to buy STEEM or sell STEEM.
This is a great move, easy to achieve any crypto you want this way, no more 3rd parties to buy btc with fiat, deposit btc on Binance and so on.
Great news!
Yes, it will be easy to trade steem.
Binance
is it good news for binance token holder ???
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