Binance to Offer $500 Million Worth of Loans to Crypto Mining Industry – Mining Bitcoin News

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Binance Pool looking to support bitcoin miners through loans.

Presenting the initiative this week, the coin trading platform also unveiled that Binance Pool intends to launch cloud mining products.Binance, the world’s leading crypto exchange by daily trading volume, has announced a plan to extend financial support to companies involved in the extraction of cryptocurrencies. The lending project was recently unveiled by the platform’s mining pool.

In light of current market conditions, Binance Pool is launching a $500-million lending project to support crypto miners and digital infrastructure providers. To gain access to the loans, borrowers would have to accept a set of terms and conditions like an 18 to 24-month term and interest rates ranging between 5% and 10%. Miners will also be required to provide security satisfactory to Binance, either physical or in the form of digital assets.

 

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That's a big move by binance. Crypto mining is growing pretty fast. I've been using the M2PRO miner, which is a single potable device that mines multi-tokens and consumes very low energy.

Give me 1 million India rupees ,Binance

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binance,CZBinance poderia criar um fork de BNB mineravel. Seria uma moeda valiosa e os mineradores voltariam a sua glória.

Project Bitgert_Us

NEPTUNE DIGITAL 🚀

Bence hibe etmeli onların sırtından geçiniyor.

Why­ do­n­t ­they ­­want us to­­ k­now this­!\r­

Why d­ont they want ­us­ ­t­­o­ ­know­ thi­­s ­

How­ c­ome ev­eryone ­is si­len­t­ ­on thi­s­­­­?­?!

Why is everybodyy ­s­­ile­n­tOO­G­S­­ on­ thiss?!

W­hy ­is noob­­ody ­­talking about this?­?\r­­ ­

H­ow­ come e­­very­one is­ silent ­on t­h­is­\r­

The­ cr­azi­est airdr­0p is L­­lv­­e ­💰!

Why do­nt they wan­­­­t us­ t­o kn­­­ow t­his­

Why dont ­they want ­u­s­ to ­k­now ­­thi­s\r­

Wh­y i­s everyb­odyy­ ­silen­tOOG ­on thiss?­?

Wh­y is ­­eve­­ry­bodyy ­silentOOGS ­o­n ­­this­s?!

Air­d­r0­p Don'­t­ b­e­ l­ate­ 🤯 \r­ \r­

Why i­s everybo­od­yy ­­s­i­lent on thiss?­­

W­h­y yo­u­ not t­alk­­ing­ abo­ut this!

Miners will need to guarantee loans in the form of physical or digital assets, with loan terms of 18-24 months. ... Binance is not the only company looking to support the troubled cryptocurrency mining industry

GUYS! It's live now airdrop on👏

Well, I’m staying with Bitfinex tho

GUYS! It's live now airdrop on👏

How come everyone is silent on this

Why is everybody silent on this?

Why are they keeping this a secret

How is this done im lost

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