Binance Launches Non-fungible Token (NFT) Loan Feature
Many crypto service providers have accelerated efforts to expand their offerings and revenue streams and increase their user base. According to an announcement, the largest crypto exchange by trading volume, Binance, has...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
According to an announcement, the largest crypto exchange by trading volume, Binance, has added a non-fungible token (NFT) loan feature to its services.
The cryptocurrency exchange will allow borrowers to use their NFT as collateral to borrow cryptocurrency without needing to sell assets. ...
Read More: Binance Launches Non-fungible Token (NFT) Loan Feature
Why this matters
This nft story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Iran-Linked Dubai Exchange Sent Binance $676 Million, Reuters Investigation Finds
An unlicensed crypto exchange run out of a Dubai office above a budget hotel has processed at least $4 billion since May 2024 as t...
BlackRock launches BSTBL and BRSRV tokenized money market funds on Ethereum and multiple blockchains
BlackRock's tokenized funds could revolutionize access to Treasury yields on-chain, potentially reshaping stablecoin and crypto in...
BitGo launches Link for cross-exchange capital management
BitGo's Link could streamline institutional crypto operations, enhancing efficiency and governance across fragmented trading platf...
Iran-linked exchange sent $676M to Binance in sanctions-evasion scheme: Reuters
The alleged sanctions-evasion scheme complicates U.S.-Iran nuclear talks, potentially reducing the likelihood of reaching a deal....
Iran-linked exchange sent $676 million to Binance in alleged sanctions-evasion operation: Reuters
Dubai-based Shelbit processed over $4 billion since May 2024 through a network tied to Iranian gambling sites, the central bank, a...
Kraken is force-selling 7 delisted tokens into dead markets, warning users insufficient liquidity could result in zero proceeds.
Kraken will begin automatically liquidating seven delisted tokens today, Aug. 3 after closing withdrawals for affected clients. An...