Binance VIP Loan Service Expands Assets
Binance has announced an expansion of its VIP Loan service, introducing new collateral and loanable assets to increase flexibility and options for its users.
The platform is adding BFUSD as a new collateral asset. Furthermore, Binance has integrated Kite $KITE
KITE
0.1017
+15.43%
, Momentum $MMT
MMT
0.4431
+83.63%
and Sapien $SAPIEN
SAPIENUSDT
Perp
0.12639
-6.24%
as new loanable assets.
This development is specifically aimed at enhancing the service for users seeking to boost liquidity for long-term investments, engage in leveraged trading, or implement other financial strategies. The Binance VIP Loan service is an over-collateralized lending option designed for both personal and institutional clients, offering competitive rates and terms.