Binance launches full payment securities lending, allowing users to lend stocks to earn passive income

According to official news, Binance announced that the Full Payment Securities Lending (FPSL) service is officially launched, allowing users to earn passive income by lending out stocks. It is reported that FPSL is a common securities lending mechanism in traditional financial markets, usually facilitated by brokers or custodians, which lends out securities held and unused by investors to institutions that need to short sell, arbitrage, or provide market making.