Binance Introduces New Lending Assets
In a recent announcement, Binance, a globally recognized cryptocurrency exchange and blockchain platform, introduced new loanable assets to its Binance Lending (Variable Rate) and VIP Lending services. This announcement clarifies that the products and services mentioned may not be available in all regions.
Flexible interest rates and VIP loans explained
Binance Loans (Flexible Rate) is an open lending product that allows users to complete loan orders using cryptocurrency as collateral within their existing Simple Earn flexible product subscription. This service offers users greater flexibility when borrowing cryptocurrency without having to commit to a specific loan term. At the same time, users can earn real-time APR rewards through Simple Earn Flex Products. Loan interest rates are refreshed every minute, and users can place loan orders for as little as 1 USDT worth.
On the other hand, Binance VIP Lending is a large-scale individual and institutional over-collateralized lending service with competitive interest rates, terms, and services. This service can be used to unleash greater potential in objectives such as liquidity of long-term investment funds, leveraged trading and hedging strategies.
Additional information for users
Users interested in these services can refer to our Lending Data and VIP Lending pages for the latest interest rates and a complete list of collateral assets available for lending. Those interested in VIP loans can contact the Binance VIP Main Account Applications team via email for more details.
For users who plan to place new Binance Loans (Flexible Rate) orders through the Binance App, we recommend upgrading the app to iOS v2.78.0 or Android v2.78.0 or higher. Older app versions no longer support new Binance Lending (Flexible Rate) orders.
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