Binance Expands Its Loan Services with New Assets
Binance Expands Its Loan Offerings with New Loanable Assets
Binance, the leading cryptocurrency exchange, has recently expanded its loan services by adding new loanable assets to its Binance Loans (Flexible Rate) and VIP Loan offerings. This move aims to provide users with enhanced flexibility and more options in managing their digital assets.
The Binance Loans (Flexible Rate) service allows users to borrow cryptocurrencies by using their assets in Simple Earn Flexible Products as collateral. This unique feature does not require a fixed loan term, offering borrowers unparalleled flexibility. Loan rates are dynamically updated every minute, and the minimum loan amount starts at an equivalent of 1 USDT. Additionally, borrowers can earn Real-Time APR rewards on their collateral through Simple Earn Flexible Products.
For larger personal and institutional borrowers, Binance has tailored its VIP Loan service. This over-collateralized loan option is designed to facilitate greater liquidity for various purposes, including long-term investment funds, leveraged trading, and hedging strategies. Competitive rates, terms, and services are hallmarks of this offering. Interested parties can reach out to the Binance VIP Key Account Coverage team for more information.
Users are encouraged to visit the Loan Data and VIP Loan pages on Binance’s website for the latest interest rates and a comprehensive list of loanable and collateral assets. It’s important to note that to place new orders for Binance Loans (Flexible Rate) via the Binance App, users must ensure their app is updated to at least iOS v2.78.0 or Android v2.78.0, as older versions lack this functionality.
This initiative by Binance underscores its dedication to improving the user experience by broadening the array of loanable assets and introducing more adaptable loan solutions. Users are advised to stay updated and consider these new services to optimize their cryptocurrency investments.
Disclaimer: As with any investment, digital assets come with a high risk of market volatility and price fluctuations. The value of investments can change, and past performance does not guarantee future results. It is recommended that users consult with an independent financial adviser and thoroughly evaluate their investment objectives prior to making any financial decisions.
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