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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