At Extreme Investor Network, we strive to bring you the latest and most relevant information in the world of cryptocurrency and blockchain. Today, we are excited to share the news that Binance, a leading cryptocurrency exchange, has introduced new loanable assets to its Binance Loans (Flexible Rate) and VIP Loan services. This update aims to enhance user flexibility and provide more borrowing options within the platform.
The new loanable assets are now accessible on both the Binance Loans (Flexible Rate) and VIP Loan platforms. Users can easily access the Loan Data and VIP Loan pages to stay up to date with the latest interest rates and view a comprehensive list of loanable and collateral assets offered by Binance.
Binance Loans (Flexible Rate) offers an open-term loan product where users can complete loan orders using cryptocurrencies from their existing Simple Earn Flexible Products subscriptions as collateral. This service allows users to earn Real-Time APR rewards through Simple Earn Flexible Products, providing greater flexibility without committing to a specific loan term. With loan rates refreshing every minute, users can place a loan order starting from a minimum of 1 USDC equivalent.
On the other hand, Binance VIP Loan caters to large personal and institutional clients, offering over-collateralized loan services with competitive rates and terms. This service is ideal for individuals and organizations seeking to unlock greater liquidity for long-term investment funds, leveraged trading, or hedging strategies.
If you are interested in placing new Binance Loans (Flexible Rate) orders via the Binance App, make sure to upgrade to iOS v2.78.0 or Android v2.78.0 or later versions, as older app versions will not support the new loan orders. For users looking to explore the VIP Loan service further, our team at Binance VIP Key Account Coverage is available to provide additional details and assistance.
For a more detailed overview, we recommend visiting the official announcement on Binance’s website. Stay informed and empowered with the latest updates in the cryptocurrency industry by following Extreme Investor Network, your go-to source for all things crypto and blockchain-related.