Binance is set to launch its stock lending product FPSL on June 10

According to a Binance announcement, the platform has announced that the stock lending product FPSL is now scheduled to launch on June 10. Users can lend their held stocks through FPSL to earn income, while still being able to sell their positions at any time during the lending period, but they must temporarily forfeit the corresponding proxy voting rights, and dividends will be paid in cash-in-lieu.

Previously reported, the date for Binance's open securities lending (FPSL) service was June 4.