Binance Plans to Launch FPSL Stock Lending Product on June 10

Odaily reports that Binance has announced its stock lending product, FPSL, is now scheduled to go live on June 10. Through FPSL, users can lend out their held stocks to generate income. While stocks are lent out, users can still sell their holdings at any time, but must temporarily forgo the corresponding proxy voting rights, and dividends will be distributed in the form of cash-in-lieu payments.