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 vip_loan@binance.com.
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.
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