Binance expands loanable assets on Flexible Rate loans
Binance expands loanable assets on Flexible Rate loans
Binance has announced the addition of new assets to its Flexible Rate loan service, enhancing options for crypto borrowers.
On July 3, 2024, Binance introduced five new loanable assets: 0x (ZRX), Chromia (CHR), Raydium (RAY), Renzo (REZ), and Tellor Tributes (TRB). This expansion allows users to collateralize these cryptocurrencies, broadening the range of assets available for borrowing on Binance Loans (Flexible Rate).
Binance Loans (Flexible Rate) is an open-term loan product that allows users to complete loan orders while collateralizing cryptocurrencies in existing Simple Earn Flexible Products subscriptions.
This provides flexibility, allowing users to manage their loans without committing to a fixed term. The interest rates on these loans are updated every minute, reflecting market conditions in a live mode.
The addition of these new assets provides Binance users with more options for leveraging their crypto holdings. By supporting a wider variety of assets, Binance enhances its appeal to diverse crypto investors and traders. The real-time adjustment of loan rates ensures that borrowers can benefit from current market trends.
Binance's continuous expansion of loanable assets signifies its commitment to providing versatile financial services within the crypto space.
As the platform evolves, users can expect more innovative products designed to meet their diverse needs.
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