Discover Binance’s Latest Loanable Assets Expansion
Leading cryptocurrency exchange Binance has introduced new loanable assets to enhance its Binance Loans (Flexible Rate) and VIP Loan services. This move aims to provide crypto investors with more options and flexibility in managing their digital assets effectively.
Overview of Binance Loans (Flexible Rate)
Binance Loans (Flexible Rate) is a dynamic loan offering that allows users to borrow cryptocurrencies by using assets in their Simple Earn Flexible Products subscriptions as collateral. This service stands out for its lack of a fixed loan term, offering users greater flexibility in managing their loans. Loan rates are updated every minute, with a minimum loan amount of 1 USDT equivalent. Moreover, users can earn Real-Time APR rewards through Simple Earn Flexible Products while handling their loans efficiently.
Insight into Binance VIP Loan Service
The Binance VIP Loan service caters to both personal and institutional borrowers looking for competitive rates, terms, and services. This over-collateralized loan service aims to provide increased liquidity for long-term investment funds, leveraged trading, and hedging strategies. Those interested in this service can reach out to the Binance VIP Key Account Coverage team for further details.
Key Points to Note
- Stay updated on the latest interest rates and a complete list of loanable and collateral assets on the Loan Data and VIP Loan pages on Binance’s platform.
- To initiate new Binance Loans (Flexible Rate) orders via the Binance App, ensure that you have upgraded to at least iOS v2.78.0 or Android v2.78.0. Older versions do not support the placement of new orders.
- For accurate information, always refer to the original English version of announcements, as discrepancies may exist in translated versions.
In Conclusion
This recent update from Binance underscores the platform’s commitment to enhancing user experience by expanding loanable assets and offering more flexible loan options. Crypto investors are encouraged to stay informed and leverage these new services to optimize the management of their cryptocurrency investments.
Disclaimer: Cryptocurrency prices are subject to market risk and volatility. The value of digital assets may fluctuate, and past performance does not guarantee future results. It is advisable to consult with a financial advisor and carefully assess investment objectives before making any decisions.
Image source: Shutterstock
. . .
By
By
By
By