Bitcoin Prices Fall; Binance Set to Launch Crypto Lending Service

[micko09]

Bitcoin prices fell on Tuesday in Asia. Crypto exchange Binance made headlines as the company said it is launching a new crypto lending service.

Bitcoin fell 1.4% to $10,193.2 by 12:45 AM ET (04:45 GMT). Ethereum was down 2.4% to $186.03, while XRP and Litecoin traded 1.3% and 2.4% lower respectively.

Holders of Binance Coin, Ethereum Classic and Tether will be able to lend their assets and earn interest through a new service called Binance Lending, Binance said in a statement.

The interest will be paid out immediately after the loan term matures, Binance noted, adding that the services will be available for subscription starting from Aug. 28 till Aug. 29.

In other news, The Swiss Financial Market Supervisory Authority (FINMA) has reportedly granted two banking and securities dealer licences to crypto-focused banks, according to Cointelegraph.

Two Swiss crypto-specializing firms, Seba Crypto AG and Sygnum have received banking and securities dealer licenses, the article said.

source:https://www.investing.com/news/cryptocurrency-news