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Unlocking NFT Liquidity: Binance Launches NFT Loan Feature

Unlocking NFT Liquidity: Binance Launches NFT Loan Feature

On May 25, Web3 marketplace Binance announced it will allow NFT owners to use their digital assets as collateral to secure loans in Ethereum. Named Binance NFT Loan, the new service is aimed at bringing the advantages of decentralized finance (DeFi) to Binance’s NFT community, letting users unlock the potential of their NFT holdings without needing to sell them and provide a solution for liquidity needs​ in the process.








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