Binance Introduces Flexible Crypto Loans

Twitter icon  •  Published 1년 전  •  Nikolas Sargeant

Binance has introduced Binance Flexible Loans, according to an announcement on its website from Thursday, February 23

Binance has introduced Binance Flexible Loans, according to an announcement on its website from Thursday, February 23. Binancians may complete loan orders while collateralizing cryptocurrencies without the need to commit to a specific loan term. 

Users may complete loan orders on existing Simple Earn Flexible Product subscriptions and earn real-time APR. 

According to the announcement, “loan orders will remain open as long as the borrowed and collateral digital assets are supported by Binance Flexible Loan, and the relevant Loan-to-Value (LTV) ratios are not exceeded (i.e., the loans are not liquidated).”

The list of cryptocurrencies available for loan and collateralization is updated frequently and should be checked as users make borrowing decisions. 

Binance is the world’s largest cryptocurrency exchange by daily trading volume, according to Coin Market Cap.  Binance reviews note that the exchange excels in offering the latest Web 3.0 financial services to investors and their high level of safety and trust in the community. 

Author

Nikolas Sargeant

Nik is a content and public relations specialist with an ever-growing interest in Crypto. He has been published on several leading Crypto and blockchain based news sites. He is currently based in Spain, but hails from the Pacific Northwest in the US.