Binance to Launch Stock Lending Product FPSL on June 10

Odaily reported that Binance has announced the launch of its stock lending product, FPSL, on June 10. Users can lend their held stocks through FPSL to generate income, while still being able to sell their holdings at any time during the lending period. However, they will temporarily forfeit the corresponding proxy voting rights, and dividends will be distributed in the form of cash-in-lieu compensation.