Binance launches "Pledged Loan" service

Binance's official announcement shows that Binance has now launched a "collateralized lending" service. It only needs to pledge the corresponding digital assets to borrow, and provides a variety of borrowable currencies, pledged currencies, and borrowing cycles. The announcement stated that the daily interest rate of all currencies during the period from 20:00 on March 31, 2020 to 20:00 on April 14, 2020, enjoyed a 20% discount, with a minimum of 0.0224%.