"Binance Coin Added By Nexo As Collateral For Instant Crypto-Backed Loans"

Good news for Binance Coin holders, now the BNB token holders use their coins as collateral to obtain instant loans from Nexo, which will further boost the growth of the blockchain ecosystem.

Nexo incorporating new coins on regular basis, which eventually helps the investors to get the instant loans in USD, EUR and USDT (Tether) against their crypto-holdings.

"BNB's inclusion in our growing list of collateral options expands the choice of our clients, adds further utility to Binance's coin (BNB) and eases selling pressure," said Antoni Trenchev, Nexo's Managing Partner. "Our ultimate goal is to create value for the community and the wider crypto ecosystem. Accepting BNB is another step in this direction."

credit : market.businessinsider.com