Binance Expands Loanable Assets for 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
strategic
move
aims
to
provide
users
with
more
options
and
flexibility
in
their
borrowing
needs.

New
Loanable
Assets

According
to
Binance,
the
newly
added
assets
can
now
be
utilized
in
both
the
Binance
Loans
(Flexible
Rate)
and
VIP
Loan
services.
The
exact
assets
and
their
respective
terms
are
available
on
the
Binance
Loans
and
VIP
Loan
pages.

Key
Features

Users
interested
in
these
new
offerings
can
refer
to
the

Loan
Data
page
for
the
latest
interest
rates
and
a
comprehensive
list
of
loanable
and
collateral
assets.
For
those
interested
in
the
VIP
Loan
service,
detailed
information
can
be
obtained
by
contacting
the
Binance
VIP
Key
Account
Coverage
team
via
email
at
[email protected].

Additionally,
to
place
new
Binance
Loans
(Flexible
Rate)
orders,
users
must
upgrade
their
Binance
app
to
iOS
v2.78.0
or
Android
v2.78.0
or
later.
Older
versions
of
the
app
will
not
support
the
placement
of
new
orders.

About
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
users
greater
flexibility
without
committing
to
a
specific
loan
term
and
enables
them
to
earn
Real-Time
APR
rewards
via
Simple
Earn
Flexible
Products.
Loan
rates
are
updated
every
minute,
and
users
can
place
a
loan
order
with
a
minimum
of
1
USDT
equivalent.

About
Binance
VIP
Loan

Binance
VIP
Loan
is
designed
for
large
personal
and
institutional
over-collateralized
loans.
It
offers
competitive
rates,
terms,
and
services,
enabling
users
to
unlock
greater
potential
for
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
users
with
more
comprehensive
financial
solutions.

For
more
details,
please
visit
the
official

Binance
announcement.

Image
source:
Shutterstock