Binance is scheduled to launch its stock lending product, FPSL, on June 10th.

CoinFeed reported on June 5th that Binance announced its stock lending product, FPSL, will launch on June 10th. Users can lend their shares through FPSL to earn income. While the shares are lent, users can still sell them at any time, but will temporarily waive their proxy voting rights. Dividends will be paid in cash-in-lieu. Previously, it was reported that Binance launched its FPSL service on June 4th.