Binance Launches New NFT Loan Program, Allowing Users to Borrow ETH Against Their NFTs
The world’s largest crypto exchange by trading volume, Binance, has launched a new non-fungible token (NFT) loan feature. The platform will offer zero gas fees and the ability to borrow Ethereum (ETH) without the need to sell assets. The loan feature aims to cater to those who want quick access to funds but don’t want to part with their NFTs. It uses what Binance calls a “Peer to Pool” mechanism