Earlier today, Changpeng Zhao, CEO of binance, the leading cryptocurrency, posted a tweet asking people if they wanted to earn cryptocurrencies in their sleep. Significant changes in the BNB price were observed on the share.
Binance Coin (BNB) has increased by 3.16 percent in the last 24 hours. However, the increase came shortly after changpeng Zhao, CEO of the stock exchange, tweeted a mysterious tweet.
As it turns out, Binance is preparing to implement a new method that allows users to make money while sleeping and to make passive profits without having to trade or engage in other activities. Zhao also hinted that the development will take place today.
The community says the innovation will be Binance Lending.
Would you like to earn #crypto while you sleep?
Keep an eye on @binance today.
— CZ Binance (@cz_binance) August 26, 2019
What is Binance Lending?
The leading cryptocurrency exchange brought back margin trading features last month.
Following the CZ’s latest tweet, the ability to borrow money (lending) to the stock market is in question. Through this feature, users will be able to lend cryptocurrency to those who want to use it as leverage. In return, they will be able to receive a certain interest, depending on the amount of time they lend cryptocurrencies.
The development is expected to bring more benefits to Binance users. However, at the time of writing this article, the landing page for Binance Lending is still not available.
At the same time, Binance is said to have entered into an agreement with California-based Cred to provide cryptocurrency lending and lending services throughout its entire ecosystem.