{"id":5049,"date":"2023-05-25T17:56:22","date_gmt":"2023-05-25T21:56:22","guid":{"rendered":"http:\/\/leadingcryptonews.com\/binance-continues-nft-foray-launches-new-loan-feature\/"},"modified":"2023-05-25T17:56:22","modified_gmt":"2023-05-25T21:56:22","slug":"binance-continues-nft-foray-launches-new-loan-feature","status":"publish","type":"post","link":"https:\/\/leadingcryptonews.com\/binance-continues-nft-foray-launches-new-loan-feature\/","title":{"rendered":"Binance Continues NFT Foray, Launches New Loan Feature"},"content":{"rendered":"<p> <br \/>\n<br \/><noscript><img decoding=\"async\" class=\"lazyload\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2023\/05\/Binance_NFT-1.jpg\" \/><\/noscript><\/p>\n<div>\n<p>The world\u2019s leading cryptocurrency exchange \u2013 Binance \u2013 is launching a new NFT loan feature. It is designed to enable users to borrow cryptocurrency, using their non-fungible tokens as collateral.<\/p>\n<ul>\n<li>Binance continues its effort in the world of non-fungible tokens.<\/li>\n<li>According to a press release shared with\u00a0CryptoPotato,\u00a0the exchange is launching a new feature. It will allow users to borrow crypto while using their NFTs as collateral.<\/li>\n<li>However, it is worth noting that the loans will only be available with select high-profile NFT projects.<\/li>\n<li>These include the Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Azuki, and Doodles.<\/li>\n<li>However, the exchange has stated that more collections are expected to be added in the near future. Speaking on the matter, Mayur Kamat said:<\/li>\n<\/ul>\n<blockquote>\n<p>We\u2019ve added a host of features that make it a one-stop shop for NFT trading and financial services for our community. We already have low fees and the Binance peace of mind, now NFT loans will add a new form of liquidity for NFT holders, allowing them to participate in the market without having to let go of their precious NFTs.<\/p>\n<\/blockquote>\n<div class=\"code-block code-block-12\" style=\"margin: 8px 0; clear: both;\">\n<div><span style=\"font-size:11px; color: gray;\">SPECIAL OFFER (Sponsored)<\/span><br \/>\n<b>Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month<\/b> (terms).<\/p>\n<p><b>PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.<\/b><\/p>\n<\/div>\n<\/div><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/cryptopotato.com\/binance-continues-nft-foray-launches-new-loan-feature\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The world\u2019s leading cryptocurrency exchange \u2013 Binance \u2013 is launching a new NFT loan feature. It is designed to enable users to borrow cryptocurrency, using their non-fungible tokens as collateral. Binance continues its effort in the world of non-fungible tokens. According to a press release shared with\u00a0CryptoPotato,\u00a0the exchange is launching a new feature. It will [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5050,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[],"class_list":["post-5049","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nft"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.6 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Binance Continues NFT Foray, Launches New Loan Feature - Leading Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadingcryptonews.com\/binance-continues-nft-foray-launches-new-loan-feature\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Binance Continues NFT Foray, Launches New Loan Feature\" \/>\n<meta property=\"og:description\" content=\"The world\u2019s leading cryptocurrency exchange \u2013 Binance \u2013 is launching a new NFT loan feature. It is designed to enable users to borrow cryptocurrency, using their non-fungible tokens as collateral. Binance continues its effort in the world of non-fungible tokens. According to a press release shared with\u00a0CryptoPotato,\u00a0the exchange is launching a new feature. 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