Celsius’ asset under management just surpassed $2.2 billion—after the firm reportedly became the first crypto platform to surpass $1 billion in total assets under management earlier this year
Binance tests lending to margin traders
The leading cryptocurrency exchange will connect users with capital to investors looking for leverage
The world’s largest exchange announced on August 26 that customers can earn annualized interest rates of up to 15% by making short-term loans to its margin traders for leveraged investments. Initially limited to one period of 42 hours beginning on August 28, the firm will open up Binance Lending opportunities on a first-come, first served basis. The 14-day fixed interest loans of ethereum classic (ETC), tether (USDt), and binance coin (BNB) are also fairly limited.