Binance is now offering Loans

in #steemit6 years ago

Binance is currently the Number 1 Cryptocurrency Exchange in the world and there are several reasons for that. For starters Binance is not only just a Cryptocurrency Exchange, it is also venturing into various Industries.

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The latest Venture of Binance leads them to a partnership with Libra Credit who will offer loans in either FIAT or Cryptocurrency to Binance Token Holders. This would allow Binance Token Holders to keep their Binance Tokens as Collateral and get Loans in FIAT or Cryptocurrency.

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I just can't explain how great this is. Binance once again shows why they deserve the Number one spot on the Exchange's List. To be honest the entire system is yet to be checked and we do have to factor in the ease of access to these loans, as we know sometimes those fickle Terms and Conditions do spin the way a bit.

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Anyways I am looking forward to further development in this Field.

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I've never used Binance, maybe one day I'll try, but I've heard a lot about it and good comments are coming out about it

As much as I like Binance I have never used their exchange as they don't have SBD. If they had SBD than I would have used it almost every time.

You got a 7.87% upvote from @minnowvotes courtesy of @arunava!

Good information Very tentative

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