Binance exchange has declared that from September 20 onwards, it would start offering three new coins as part of the fifth phase in the firm’s crypto lending project.
Presenting New Altcoins
It has been reported that Binance Lending Service, which was launched on August 28, 2019, is going to introduce three altcoins on its platform: Zcash (ZEC), Dash (DASH), and Monero (XMR), which are known for its privacy.
Binance also revealed that it will offer a 14-day fixed-term lending period following subscription from September 20 to 21. The company’s statement also said that all tokens will have an annualized interest rate at 3.5%
Shifting Rates for Project Phases
Binance Coin (BNB), the platform’s native token, offered the highest-yielding annualized interest rate at 15% during its preliminary phase. Later in the fourth phase, the firm offered 10% and 6% interest rates for the crypto.
For the fifth phase, however,it declared that the interest calculation period will be from September 20 to October 4.
Changpeng Zhao, the CEO of Binance, has recently resolved rumors that a hacker had attacked the firm’s Bitcoin futures platform, which was introduced on September 2, 2019.
Similarly, on September 17, 2019, Binance also reportedly made a strategic investment in a Chinese company for the first time since it left China because of the local cryptocurrency trading ban announced in 2017.
Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.
Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.
We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.
Binance’s cryptocurrency, Binance Coin (BNB) is the third crypto to receive a branded emoji hashtag following Bitcoin (BTC) and Crypto.com. It was tweeted by CEO of Binance, Changpeng Zhao himself, showcasing...
Major cryptocurrency exchange Binance and Indonesian exchange Tokocrypto have listed a rupiah-backed stablecoin, Binance IDR (BIDR). On June 30, an announcement was made stating that Binance and Tokocrypto users can...
Ishita Bora is a content creator at Digital Notice Media Labs. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. She is an archetypal writer, who loves to create her own little world with words and locutions. Apart from this, her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.
We are using cookies to give you the best experience on our website.
You can find out more about which cookies we are using or switch them off in settings.
Strictly Necessary Cookies
Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.