The world’s largest cryptocurrency exchange, Binance announced a partnership with a decentralized global lending network platform Libra Credit to offer fiat and cryptocurrency loan to BNB token holders through its platform.
This latest partnership was announced on July 27, allowing cryptocurrency investors to collateralize their coins to initiate loan when the Libra Credit platform will be go live.
The partnership between Binance, and Libra Credit will make it possible for lenders to collateralize their coins in exchange for fiat and cryptocurrency loan. The landers will also get benefit by increases in the value of coins and keep the final ownership
About Libra Credit
Libra Credit is decentralized global lending network platform and has main focus on lending by using machine learning and blockchain technology.
Libra Credit gives a different type of loans.
1- Crypto to Fiat Loan
2- Crypto to Stable Coin Loan
3- Crypto to Crypto Lending
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What people doesnt know i believe, Binance is one of those exchanges who have STEEM as crypto in their portofolio and can be trade for ETH BTC and BNB. Now with fiat, will be way more easy for some users to buy STEEM or sell STEEM.
This is a great move, easy to achieve any crypto you want this way, no more 3rd parties to buy btc with fiat, deposit btc on Binance and so on.
Great news!
Yes, it will be easy to trade steem.
Binance
is it good news for binance token holder ???
Nice info I think this is a good move for binace I've been a token holder since the beginning
@crypto514 then you will become millionaire
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The relatively new Binance is "the world's largest cyrpto exchange"? Do you have proof by volume? I don't think that's true.
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STOPWill this is exciting news! By including lending it allows for marginal trading. All we are only missing is futures in the crypto platform and combining the two we can have more complex derivative products like 3x or 10x leveraging.
Can Buy Coins with Pounds...?
Some may love it but I myself won't borrow money on a gamble or trade.
good news
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STOPBig news
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STOPBinance is the largest cryptocurrency exchange platform. Recently, they have made a partnership with Libra Credit which has allowed them to offer cryptocurrency loans. Therefore, the coins can be collateralized in exchange for fiat and cryptocurrency loans such as crypto to stable coin loan and crypto to fiat loan. However, users need to store and monitor their cryptocurrency and here [Blockbasis] (https://blockbasis.com/) comes with the perfect solution. A platform where anyone with an email can store, receive and send cryptocurrency. Furthermore, users can exchange and trade cryptocurrency on our DEX using just their email.
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STOPDo not miss the last post from @steemitboard:
SteemitBoard and the Veterans on Steemit - The First Community Badge.