Binance Introduces New Loanable Assets on Flexible Rate and VIP Loan Services

Binance,
a
leading
cryptocurrency
exchange,
has
announced
the
addition
of
new
loanable
assets
to
its
Binance
Loans
(Flexible
Rate)
and
VIP
Loan
services.
This
move
aims
to
provide
users
with
more
flexibility
and
options
when
borrowing
cryptocurrencies.

New
Loanable
Assets

The
new
loanable
assets
are
now
available
on
both
the
Binance
Loans
(Flexible
Rate)
and
VIP
Loan
platforms.
Users
can
refer
to
the

Loan
Data
and

VIP
Loan
pages
for
the
latest
interest
rates
and
a
comprehensive
list
of
loanable
and
collateral
assets,
according
to
Binance.

Binance
Loans
(Flexible
Rate)

Binance
Loans
(Flexible
Rate)
is
an
open-term
loan
product
that
allows
users
to
complete
loan
orders
while
using
cryptocurrencies
in
existing
Simple
Earn
Flexible
Products
subscriptions
as
collateral.
This
service
offers
greater
flexibility
without
committing
to
a
specific
loan
term
and
enables
users
to
earn
Real-Time
APR
rewards
through
Simple
Earn
Flexible
Products.
Loan
rates
are
refreshed
every
minute,
and
users
can
place
a
loan
order
with
a
minimum
of
1
USDC
equivalent.

Binance
VIP
Loan

Binance
VIP
Loan
is
designed
for
large
personal
and
institutional
clients,
providing
over-collateralized
loan
services
with
competitive
rates
and
terms.
This
service
is
suitable
for
those
looking
to
unlock
greater
liquidity
for
long-term
investment
funds,
leveraged
trading,
or
hedging
strategies.

Additional
Information

To
place
new
Binance
Loans
(Flexible
Rate)
orders
via
the
Binance
App,
users
need
to
upgrade
to
iOS
v2.78.0
or
Android
v2.78.0
or
later
versions.
Older
app
versions
will
not
support
new
loan
orders.
Users
interested
in
the
VIP
Loan
service
can
contact
the
Binance
VIP
Key
Account
Coverage
team
for
more
details.

For
further
details,
users
can
visit
the
official
announcement
on

Binance.

Image
source:
Shutterstock