Binance has announced the launching details of Binance Lending Products. The well-known crypto trading platform will unveil the new product line at 12:00 PM (UTC) on March 2, 2020, for its global users.\r\n\r\nAccording to the official announcement, Binance will launch 15-days fixed-term lending products as part of the sixteenth phase of its lending products. The details regarding the launch are mentioned below, have a look:\r\n\r\n \tSubscription Period- From 12:00 PM (UTC) on March 2, 2020 to 12:00 PM (UTC) on March 3, 2020\r\n \tInterest Calculation Period- From 12:00 PM (UTC) on March 3, 2020 to 12:00 PM (UTC) on March 18, 2020\r\n \tInterest Payout- Immediately after the maturity of the loan term\r\n \tSubscription basis- First-come-first-served basis\r\n\r\nThe table given below describes the Lending Product details:\r\n\r\n\r\n\r\nDigital\u00a0Asset\r\nTerm to Maturity\r\nTotal Subscription Cap\r\nIndividual Cap\r\nAnnualized Interest Rate\r\nLot Size\r\nInterest Per Lot at Maturity\r\n\r\n\r\nBUSD\r\n15 days\r\n35,000,000 BUSD\r\n5,000,000 BUSD\r\n15%\r\n100 BUSD\r\n0.61643 BUSD\r\n\r\n\r\nUSDT\r\n15 days\r\n35,000,000 USDT\r\n5,000,000 USDT\r\n10%\r\n100 USDT\r\n0.41095 USDT\r\n\r\n\r\n\r\nInterestingly, Binance launched the fifteenth phase of its lending products on February 24, 2020. The highly reputed trading exchange takes pride in being the largest trading exchange in terms of trading volume. The exchange boasts of a leading chain of top-rated cryptocurrencies and an array of fiat gateways to streamline the trading activities of its wide customer base.