Binance confirms June 10 launch for FPSL stock lending service

Binance has confirmed in a tweet that its stock lending service, Fully Paid Securities Lending (FPSL), is set to launch on June 10. The service will allow users to earn income by lending out their stocks. Participants can sell their holdings at any time, even while the shares are on loan. However, users must temporarily waive their voting rights for any lent shares, and dividends will be distributed as cash-in-lieu payments. Binance had previously announced that the service was scheduled to go live on June 4.