Binance to Launch Fully Paid Securities Lending Service on June 4

Binance will launch a fully paid securities lending service on June 4, expanding into traditional finance-style yield products after adding support for trading US stocks and exchange-traded funds.

Crypto-focused media outlet BlockBeats reported on June 1 that Binance announced on social media that the service will be officially launched on June 4.

The service allows users to lend eligible securities they already own outright to other market participants and earn additional income. In English-speaking markets, the product is known as fully paid securities lending, or FPSL.

BlockBeats described FPSL as a securities lending structure commonly used in traditional financial markets. Under the model, brokerages or custodians lend securities held but not used by investors to institutions seeking them for short selling, arbitrage or market making.

The rollout comes as Binance expands further into traditional financial products. The exchange previously said it supports trading in more than 7,000 US stocks and ETFs, and plans to pursue a service that would allow users to tokenize the stocks they hold.