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Binance Surprises Crypto Space With Non-Fungible Token (NFT) Borrowing Program, Binance NFT Loan

Binance is making waves in the crypto space these days with the latest revelations. Check out the latest news coming from the most important crypto change out there.

Binance reveals important new features

The world’s largest crypto exchange by trading volume has just released a new non-fungible token (NFT) loan feature.

According to the latest exciting Binance announcement, the platform will offer zero gas fees and the ability to borrow Ethereum (ETH) without the need to sell assets.

As the online pubcalition the Daily Hodl notes, Binance’s NFT Loan feature supports just four well-known collections, but more are expected to roll out soon.

The notes revealed by Binance state the following:

“Initially available with select high-profile NFT projects such as Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Azuki, and Doodles, the innovative feature introduces the benefits of decentralized finance (DeFi) to the Binance NFT community. More collections are expected to be added in the near future.”

Binance in the news

Not too long ago, Binance made headlines when the exchange’s CEO revealed important prediciotns about the digital assets and their prices.

The chief executive of the world’s largest crypto exchange platform by volume stated the fact that a recent development within the field historically leads to bull runs.

Binance CEO Changpeng Zhao said the fact that China Central Television’s recent crypto-focused broadcast is a “big deal,” and has historically led to bull runs.

“CCTV (China Central Television) just broadcasted crypto. It’s a big deal. The Chinese speaking communities are buzzing. Historically, coverages like these led to bull runs.”

He continued and said the following:

“Not saying [the] past predicts the future. And not financial advice.”

It’s also worth noting the fact that the broadcast, which aired on May 23rd, addressed the securities regulators in Hong Kong, creating a mandatory licensing system for digital asset providers.

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