Binance Launches Full-Position Stock Lending onza, Allowing Users to Lend Out Stocks to Earn Passive Income

BlockBeats News, June 11th, according to official sources, Binance announced the full launch of Full-Asset Securities Lending (FASL) service, allowing users to earn passive income by lending out their securities.

It is reported that FASL is a common securities lending mechanism in the traditional financial market, usually facilitated by brokers or custodians, allowing investors to lend out idle securities to institutions in need of short selling, arbitrage, or market making.