CZ Mysterious Tweet Spikes BNB Price – Binance Lending Coming Up?
Earlier today, the CEO of the world’s leading cryptocurrency exchange Binance, Changpeng Zhao, posted a rather intriguing tweet, asking whether people would like to earn cryptocurrency in their sleep, hinting that something will happen on Binance today. Is Binance lending about to come to light?
BNB Price Spikes Following CZ Tweet
Binance Coin (BNB) is up 4.6 percent in the past 24 hours. However, the majority of its gains came right after Changpeng Zhao, the exchange’s CEO, posted a mysterious tweet, sparking the curiosity of the community.
Would you like to earn #crypto while you sleep?
Keep an eye on @binance today.
— CZ Binance (@cz_binance) August 26, 2019
Evidently, Binance will be introducing a way to earn cryptocurrency passively, without having to trade or to engage in other activities, allowing users to earn while they sleep. Zhao also hinted that whatever it is that Binance has in store will happen today.
Naturally, the community was quick to react as many outlined that it is, perhaps, Binance lending that’s going to come to light.
What is Binance Lending?
The world’s leading cryptocurrency exchange introduced its margin trading capabilities back in July, as reported by CryptoPotato.
Following the latest tweet of CZ, it is entirely possible that the exchange will be adding more capabilities so that users can potentially lend their crypto for those who want to use it for leverage. In return, they could receive a certain interest depending on the time period they’ve lent their cryptocurrency for.
This is a rather interesting concept that will add more utilities for Binance users, further establishing the exchange as a predominant leader in the market. However, at the time of this writing, the landing page for Binance Lending is still not available.
At the same time, it’s also worth noting that Binance entered into an agreement with California-based Cred in order to provide cryptocurrency lending and borrowing services throughout its entire ecosystem.
It remains very interesting to see whether that would be the case indeed. If CZ holds up to his words, we will get the announcement today.
The news comes shortly after Binance announced that they will be introducing localized stablecoins which resemble the model of Facebook’s Libra cryptocurrency.
The post CZ Mysterious Tweet Spikes BNB Price – Binance Lending Coming Up? appeared first on CryptoPotato.
