On Monday (September 16), Binance announced the upcoming launch of phase four of the Binance Lending platform.
According to Binance’s announcement, around 03:52 UTC on 16 September 2019, the following 14-day fixed-term lending products will become available:
The subscription period is from 06:00 UTC on September 18 to 00:00 UTC on September 19, and the format is “first-come-first-served”. The interest calculation period begins at 06:00 UTC on September 18 and ends at 06:00 UTC on October 2. The interest will be paid out as soon as the loan term matures.
Binance announced on August 26 that it was going to launch a crypto lending platform on August 28.
Phase one went live at 06:00 UTC on August 28, and it offered 14-day fixed term lending products for Tether (USDT), Binance Coin (BNB), and Ethereum Classic (ETC).
Phase two went live at 06:00 UTC on September 4, and it offered 14-day fixed term lending products for USDT, ETC, ADA, ETH, BTC, as well as 28-day fixed term lending products for BNB, BTC, and USDT.
Phase three went live at 06:00 UTC on September 11, and it offered 14-day fixed term lending products for BNB, ETC, LTC, XRP, USDC, and USDT.
Featured Image and and Lending Products Table Courtesy of Binance