New Loanable Assets Available on Binance Loans and VIP Loan
Luisa Crawford Apr 10, 2024 11:04
Binance Loans (Flexible Rate) and Binance VIP Loan have introduced new loanable assets, providing users with more options for collateralizing cryptocurrencies and earning rewards. The latest additions include Aevo, BakeryToken, Beam, Ethena, and many more. The announcement also highlights the features and benefits of Binance Loans (Flexible Rate) and encourages users to explore this open-term loan product.
Binance, one of the leading cryptocurrency exchanges, has announced the addition of new loanable assets on Binance Loans (Flexible Rate) and Binance VIP Loan. This update offers users a wider range of options for collateralizing their cryptocurrencies and accessing instant loans.
The newly added loanable assets on Binance Loans (Flexible Rate) include Aevo (AEVO), BakeryToken (BAKE), Beam (BEAMX), Ethena (ENA), ether.fi (ETHFI), Hedera (HBAR), IOTA (IOTA), Jupiter (JUP), Kadena (KDA), ORDI (ORDI), Pepe (PEPE), Pyth Network (PYTH), Synthetix (SNX), Celestia (TIA), VeChain (VET), dogwifhat (WIF), Xai (XAI), and eCash (XEC).
In addition, Binance VIP Loan has added Saga (SAGA) and Tensor (TNSR) as new loanable assets exclusively available for VIP users.
To ensure transparency and accurate information, users can refer to the Loan Data section on Binance for the latest interest rates and a complete list of loanable and collateral assets.
To take advantage of these new loanable assets, users are encouraged to upgrade their Binance App to iOS v2.78.0 or Android v2.78.0, or later versions. The older app versions no longer support the placement of new Binance Loans (Flexible Rate) orders. For more details, users can refer to the official announcement on the Binance Support Center.
Binance Loans (Flexible Rate) is an open-term loan product that allows users to borrow cryptocurrencies while collateralizing their assets in existing Simple Earn Flexible Products subscriptions. This feature provides users with greater flexibility, as they are not required to commit to a specific loan term. Additionally, users can earn Real-Time APR rewards through Simple Earn Flexible Products while borrowing on Binance Loans (Flexible Rate). The loan rates are refreshed every minute, and users can place a loan order with a minimum of 1 USDT equivalent.
Binance VIP Loan, on the other hand, offers exclusive loanable assets for VIP users, providing them with additional options and benefits.
It's important to note that availability of products and services may vary depending on the user's region.
Binance continues to expand its offerings to cater to the diverse needs of its users. By introducing new loanable assets on Binance Loans (Flexible Rate) and Binance VIP Loan, the exchange aims to provide a seamless and convenient borrowing experience for its users.
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