Binance Expands Loanable Assets on Flexible and VIP Loan Services

According to the announcement from Binance, the platform has expanded its loanable assets on both Binance Loans (Flexible Rate) and VIP Loan services. The new additions to the Binance Loans (Flexible Rate) include OFFICIAL TRUMP (TRUMP), Sonic (S), Peanut the Squirrel (PNUT), Virtuals Protocol (VIRTUAL), and ssv.network (SSV). For the VIP Loan service, new assets include Defi App (HOME) and Resolv (RESOLV). Binance Loans (Flexible Rate) is designed to offer users the ability to complete loan orders while using cryptocurrencies as collateral, which are already part of Simple Earn Flexible Products subscriptions. This service provides users with the flexibility to borrow cryptocurrencies without committing to a fixed loan term, while also earning Real-Time APR rewards. The loan rates are updated every minute, and users can initiate a loan order with a minimum equivalent of 1 USDC. The Binance VIP Loan service caters to both personal and institutional clients, offering over-collateralized loans with competitive rates and terms. This service is aimed at unlocking greater potential for objectives such as increased liquidity for long-term investments, leveraged trading, and hedging strategies. Users interested in the VIP Loan service can contact the Binance VIP Key Account Coverage team for more details. For those looking to place new Binance Loans (Flexible Rate) orders, it is necessary to update the Binance App to iOS v2.78.0 or Android v2.78.0, as older versions do not support new loan orders. Users are encouraged to refer to the Loan Data and VIP Loan sections for the latest interest rates and a comprehensive list of loanable and collateral assets.