Binance will launch the twelfth phase of Binance Lending Products at 2020/02/03 12:00 PM (UTC), where 30-day fixed term lending products will be made available. Further details are below:
- Subscription Format: First-come-first-served basis.
- Subscription Period: From 2020/02/03 12:00 PM (UTC) to 2020/02/04 12:00 PM (UTC).
- Interest Calculation Period: 2020/02/04 12:00 PM (UTC) to 2020/03/05 12:00 PM (UTC).
- Interest Payout Time: Immediately after loan term matures.
The actual announcement can be found here.
My thoughts:
Typically, fixed deposits for Binance are widely popular among its users. I will expect these lots will be snatched up in no time, similar to the previous rounds. However, are these the best interest rates you can find in the market? You may want to check out my comparison done recently.
