Binance has launched its $500M fund to provide loans to Bitcoi | Crypto Makki

Binance has launched its $500M fund to provide loans to Bitcoin miners.

Binance launched its $500M fund to provide loans to Bitcoin miners struggling to cope with difficult crypto-market conditions. Binance Pool will provide loans for both private and publicly-listed Bitcoin miners who will need to pledge security, in the form of physical or digital assets, to obtain loans with a duration of 18-24 months. Binance will charge interest rates between 5% and 10%.