Binance Expands Loanable Assets with ZRX, CHR, RAY, REZ, and TRB

Binance,
a
leading
cryptocurrency
exchange,
has
announced
the
inclusion
of
five
new
digital
assets
to
its
Binance
Loans
(Flexible
Rate)
platform.
According
to

Binance,
the
newly
added
loanable
assets
are
0x
(ZRX),
Chromia
(CHR),
Raydium
(RAY),
Renzo
(REZ),
and
Tellor
Tributes
(TRB).

New
Additions
to
Binance
Loans

The
announcement,
made
on
July
3,
2024,
highlights
that
users
can
now
collateralize
these
cryptocurrencies
through
the
Binance
Loans
(Flexible
Rate)
platform.
This
addition
is
part
of
Binance’s
ongoing
efforts
to
enhance
its
suite
of
financial
products
and
services
by
offering
more
options
to
its
users.

Platform
Enhancements

Binance
Loans
(Flexible
Rate)
is
designed
to
provide
users
with
the
flexibility
to
complete
loan
orders
without
committing
to
a
specific
loan
term.
By
leveraging
existing
Simple
Earn
Flexible
Products
subscriptions
as
collateral,
users
can
enjoy
real-time
APR
rewards
while
borrowing
cryptocurrencies.
The
loan
rates
are
updated
every
minute,
and
users
can
place
a
loan
order
with
a
minimum
of
1
USDT
equivalent.

Important
Considerations

Binance
has
advised
users
to
refer
to
the
Loan
Data
section
for
the
latest
interest
rates
and
a
complete
list
of
loanable
and
collateral
assets.
To
place
new
loan
orders,
users
need
to
upgrade
their
Binance
App
to
iOS
v2.78.0
or
Android
v2.78.0
or
later
versions.
Older
versions
of
the
app
will
no
longer
support
the
placement
of
new
loan
orders.

In
addition,
Binance
recommends
users
to
consult
the
original
English
version
of
the
announcement
for
the
most
accurate
information,
as
there
may
be
discrepancies
in
translated
versions.

About
Binance
Loans
(Flexible
Rate)

Binance
Loans
(Flexible
Rate)
is
an
open-term
loan
product
that
allows
users
to
borrow
cryptocurrencies
while
collateralizing
assets
in
Simple
Earn
Flexible
Products
subscriptions.
This
product
offers
greater
flexibility
compared
to
traditional
fixed-term
loans,
enabling
users
to
adjust
their
borrowing
needs
dynamically.

Users
can
earn
real-time
APR
rewards
via
Simple
Earn
Flexible
Products
while
benefiting
from
the
flexibility
of
the
loan
terms.
The
platform’s
loan
rates
are
refreshed
every
minute
to
reflect
the
latest
market
conditions,
ensuring
competitive
and
up-to-date
rates
for
borrowers.

Binance
continues
to
expand
its
range
of
financial
products,
providing
users
with
diverse
options
for
managing
their
digital
assets.
With
the
inclusion
of
ZRX,
CHR,
RAY,
REZ,
and
TRB,
Binance
Loans
(Flexible
Rate)
aims
to
cater
to
a
broader
audience
of
cryptocurrency
enthusiasts
and
investors.

Image
source:
Shutterstock