This present document serves as a mode of making a general announcement. The products and services which are discussed herein may not be universally available in all countries or regions.
Announcement
We are excited to announce that Binance has made several key updates to our service offerings. Namely, we have included new loanable assets and collateral assets as part of our continuously expanding portfolio. These new assets are available on our Flexible Loan and VIP Loan services.
Loan Data And VIP Loan Information
For more in-depth information about the latest interest rates and the full list of loanable and collateral assets, please refer to our updated Loan Data and the VIP Loan directories.
Understanding Binance Flexible Loan
The Binance Flexible Loan is an innovative service designed with the users’ convenience and flexibility in mind. Its core features can be broken down as follows:
- Isolation: Our flexible loans function as isolated, individualized transactions, ensuring that each loan operates independently.
- Overcollateralization: We require the loan to be overcollateralized with cryptocurrencies, assuring a secure transaction for all parties involved.
- Open-term loan: Unlike traditional loans, our flexible loans do not constrain users with rigid timeframes. Users are free to manage their loans without being bound by a specific loan term.
- Collateralization with Simple Earn Flexible Products: Users can use their existing subscriptions to Simple Earn Flexible Products as collateral for their loans.
- Real-Time APR Rewards: Users have the benefit of receiving real-time annual percentage rate (APR) rewards through their Simple Earn Flexible Products subscriptions.
Understanding Binance VIP Loan
On the other hand, the Binance VIP Loan service is geared towards larger personal and institutional needs. Its primary attributes include:
- It is an over-collateralized loan service, assuring high security for transactions.
- The service offers competitive interest rates.
- VIP Loans have variable terms to cater to different user needs.
- Binance VIP Loan can be used to unlock greater financial potentials for various objectives such as:
- Enhancing liquidity for long-term investment funds.
- Facilitating leveraged trading activities.
- Implementing hedging strategies efficiently.
Note: These enhanced services are part of our ongoing commitment to provide our users with greater financial options and flexibility.
