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

On June 5, according to a Binance announcement, the platform announced that its stock lending product FPSL is now scheduled to launch on June 10. Users can lend their held stocks through FPSL to earn income, and can sell their positions at any time while their stocks are lent out, but will temporarily give up corresponding proxy voting rights, and dividends will be distributed in cash-in-lieu. Previously reported, Binance's securities lending (FPSL) service was scheduled to launch on June 4.