Binance Introduces New 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,
according
to
an

official
announcement.

Expanded
Loan
Offerings

The
announcement
details
the
inclusion
of
additional
loanable
assets,
which
will
be
available
on
both
the
Binance
Loans
(Flexible
Rate)
and
VIP
Loan
platforms.
This
move
aims
to
provide
users
with
increased
flexibility
and
a
wider
range
of
options
for
securing
loans
against
their
cryptocurrency
holdings.

Key
Features
of
Binance
Loans
(Flexible
Rate)

Binance
Loans
(Flexible
Rate)
is
designed
as
an
open-term
loan
product,
allowing
users
to
collateralize
their
cryptocurrencies
from
existing
Simple
Earn
Flexible
Products
subscriptions.
This
service
offers
the
benefit
of
not
committing
to
a
specific
loan
term
while
enabling
users
to
earn
Real-Time
APR
rewards.
The
loan
rates
are
refreshed
every
minute,
and
users
can
place
a
loan
order
with
a
minimum
of
1
USDT
equivalent.

About
Binance
VIP
Loan

The
Binance
VIP
Loan
service
caters
to
large
personal
and
institutional
clients,
offering
over-collateralized
loans
with
competitive
rates
and
terms.
This
service
is
intended
to
unlock
greater
potential
for
objectives
such
as
enhanced
liquidity,
leveraged
trading,
and
hedging
strategies.

Additional
Information

Users
interested
in
the
VIP
Loan
service
can
contact
the
Binance
VIP
Key
Account
Coverage
team
via
email
at
[email protected]
for
more
details.
Additionally,
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,
as
older
versions
no
longer
support
these
orders.

For
the
latest
interest
rates
and
a
complete
list
of
loanable
and
collateral
assets,
users
can
refer
to
the
Loan
Data
and
VIP
Loan
sections
on
the
Binance
website.

This
expansion
of
loanable
assets
is
part
of
Binance’s
ongoing
efforts
to
enhance
its
financial
products
and
services,
providing
users
with
more
options
and
greater
flexibility
in
managing
their
cryptocurrency
investments.

Image
source:
Shutterstock