PANews reported on June 5th that Binance announced its stock lending product, FPSL, is scheduled to launch on June 10th. Users can lend their shares through FPSL to earn income. While the shares are being lent, users can still sell their holdings at any time, but will temporarily relinquish their proxy voting rights. Dividends will be paid in cash-in-lieu.

The previously reported date for Binance's Open Securities Lending (FPSL) service was June 4.