Binance launches NFT loan service to rival Blend

Binance Marketplace, cryptocurrency exchange Binance’s non-fungible token (NFT) trading platform, is launching a new service Friday where users can borrow Ether by using their NFTs as collateral. It will compete with Blend — the trading protocol from world leading NFT trading platform Blur — which has cornered 82% of the NFT loans market since it launched on May 2.

This story appeared on, 2023-05-26.
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