The previous month, added the Binance a new service to add to the already extensive range of services: General Trading business. In order to be complete, has Binance is now a kredietdienst been developed, called the Binance Lending.
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Lend it might have something to contribute
These complement each other very well, because users have to Binance Lending BNB’s, ETC, and USDT may be on loan to Binance, and while you’re at the Marging Trading, just borrow money in order to be able to speculate in the stock price.
The financial institutions that both provide (to the extent that it is) to ensure that these products are not the run out the door. And, they allow it at all, that it does not cost any money, but the results. In order to be profitable, the interest rate on a loan from a financial institution is higher than that, if you have money to loan to that same institution. But Binance, it is disruptive, they take it a completely different name and re-inventing the wheel.
How can I do this?
Whether that’s a smart thing for a second, because that’s the wheel re-inventing is not for the benefit of the Binance. The smart dealers will have a loophole was found allowing them to at a lower interest rate on Binance were able to borrow at a higher interest rate on Binance back the loan. Take a look at how they do it:
At the moment Binance users, there are three possible cryptocurrency of funding: Binance Coin (BNB), Tether (USDT), and Ethereum’s Classic (and so on). This is a geanualiseerde interest at a rate of respectively fifteen, ten, and seven per cent.
Experienced traders should now have a bell ring. What if you’re at a ten per cent USDT borrow on the market trade to BNB? Then, you will be able to BNB again later in Binance fifteen percent of the time. Add up your income (ok, it was five percentage points). The only risk you run is that if the market of the BNB, it would crash.
Binance, the leenprogramma, however, is limited. They can borrow, so it is not a infinite amount of coins on the site. At this point, it is the limit of the whole of the platform has 200,000 BNB, a 5 million-USDT-20,000, ETC.
Way to the price of BNB to the pump?
Daniel Phillips, of Beincrypto.com counting that, the total number of 5 million of USDT will be loaned out to users, it is Binance, for a period of 14 days (term of loan) 19.250 dollars. But it may be that at be converted into BNB, and again lent it to Binance? Then, the cost of the exchange 28.770 of the dollar. Daniel Philips:
The only way in which this may be beneficial for the Binance, it is as if the BNB awards in each period of the loan to increase. This has led to the speculation that this isn’t a loophole, it is, however, a strategy of Binance to the value of the Binance Coin to be pumped, and they’re pretty good at it.