Binance Introduces Expanded Loanable Assets for Flexible Rate and VIP Loan Services
Binance Expands Loanable Assets for Flexible Rate and VIP Loan Services
Binance, a leading cryptocurrency exchange, has introduced new loanable assets to its Binance Loans (Flexible Rate) and VIP Loan services. This move aims to provide users with more borrowing options and flexibility.
New Loanable Assets
The newly added assets are available for both Binance Loans (Flexible Rate) and VIP Loan services. Details on these assets and their terms can be found on their respective pages on Binance’s website.
Key Features
- Users can check the latest interest rates and a list of loanable and collateral assets on the Loan Data page.
- VIP Loan service details are available by contacting Binance VIP Key Account Coverage via email at vip_loan@binance.com.
- To place new Binance Loans (Flexible Rate) orders, users need to upgrade their Binance app to iOS v2.78.0 or Android v2.78.0 or later.
About Binance Loans (Flexible Rate)
This service allows users to use cryptocurrencies in existing Simple Earn Flexible Products subscriptions as collateral. It offers open-term loans with real-time APR rewards and updates loan rates every minute. A minimum of 1 USDT equivalent is required to place a loan order.
About Binance VIP Loan
Designed for large personal and institutional over-collateralized loans, the VIP Loan service offers competitive rates and terms, facilitating long-term investment funds, leveraged trading, and hedging strategies.
This initiative is part of Binance’s ongoing efforts to enhance its loan services and provide comprehensive financial solutions to its users. For more details, visit the official Binance announcement.
