Binance to launch securities lending service on June 4

Binance announced via its official social media channels that it will launch a Fully Paid Securities Lending (FPSL) service on June 4. The service allows users to lend their eligible securities to other market participants in exchange for lending fees. These lent securities can then be utilized for activities such as short selling, arbitrage, and market making. Binance noted that this is a common financial service in traditional markets, typically brokered by securities firms or custodians, and explained that the new offering is designed to provide users with an opportunity to generate additional income from their holdings.