Binance Expands Loanable Assets for Flexible Rate and VIP Loans
Binance
Introduces
New
Loanable
Assets
Leading
cryptocurrency
exchange
Binance
has
announced
the
addition
of
new
loanable
assets
to
its
Binance
Loans
(Flexible
Rate)
and
VIP
Loan
services,
according
to
Binance.com.
This
expansion
aims
to
provide
users
with
more
options
and
flexibility
in
managing
their
digital
assets.
Details
about
Binance
Loans
(Flexible
Rate)
Binance
Loans
(Flexible
Rate)
is
a
dynamic
loan
product
allowing
users
to
borrow
cryptocurrencies
by
collateralizing
assets
in
their
Simple
Earn
Flexible
Products
subscriptions.
This
service
offers
the
advantage
of
not
requiring
a
fixed
loan
term,
providing
users
with
greater
flexibility.
Loan
rates
are
updated
every
minute,
and
users
can
start
with
a
minimum
loan
amount
of
1
USDT
equivalent.
Additionally,
users
can
earn
Real-Time
APR
rewards
through
Simple
Earn
Flexible
Products
while
managing
their
loans.
Insights
into
Binance
VIP
Loan
Binance
VIP
Loan
is
designed
for
large
personal
and
institutional
borrowers,
offering
competitive
rates,
terms,
and
services.
This
over-collateralized
loan
service
is
aimed
at
providing
greater
liquidity
for
long-term
investment
funds,
leveraged
trading,
and
hedging
strategies.
Users
interested
in
this
service
can
contact
the
Binance
VIP
Key
Account
Coverage
team
for
more
details.
Important
Considerations
-
Users
are
advised
to
refer
to
the
latest
interest
rates
and
a
complete
list
of
loanable
and
collateral
assets
on
the
Loan
Data
and
VIP
Loan
pages. -
To
place
new
Binance
Loans
(Flexible
Rate)
orders
via
the
Binance
App,
users
must
upgrade
to
at
least
iOS
v2.78.0
or
Android
v2.78.0.
Older
versions
do
not
support
the
placement
of
new
orders. -
For
the
most
accurate
information,
users
should
refer
to
the
original
English
version
of
the
announcement,
as
there
may
be
discrepancies
in
translated
versions.
Conclusion
This
update
from
Binance
highlights
its
commitment
to
enhancing
user
experience
by
expanding
the
range
of
loanable
assets
and
offering
more
flexible
loan
options.
Users
are
encouraged
to
stay
informed
and
leverage
these
new
services
to
better
manage
their
cryptocurrency
investments.
Disclaimer:
Digital
asset
prices
are
subject
to
high
market
risk
and
price
volatility.
The
value
of
investments
may
fluctuate,
and
past
performance
is
not
indicative
of
future
results.
Users
should
consult
an
independent
financial
adviser
and
carefully
consider
their
investment
objectives
before
making
any
decisions.
Image
source:
Shutterstock
.
.
.
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