The cryptocurrency market had a busy day today. Many cryptocurrency exchanges listed new assets. On the other hand, Binance expanded its list of borrowable assets.
Binance expands its list of borrowable assets
According to the statement, Binance has added new borrowable assets to its Binance Loans (Flexible Rate) and VIP Loan products effective today. With the Flexible Rate product, users can gain more flexibility by providing their assets as collateral. At the same time, they have the chance to earn interest through Simple Earn Flexible Products. VIP Loan is a borrowing service that offers more competitive interest rates for larger investors and institutions.
The new debt assets added by Binance are as follows:
Users should visit Binance’s “Loan Data” and “VIP Loan” pages for the most up-to-date interest rates and a full list of debt assets. In addition, an important warning should be given to Binance users at this point. Because in order to place Flexible Rate orders, the Binance app needs to be upgraded to iOS v2.78.0 or Android v2.78.0 or later.
New listings on other cryptocurrency exchanges
Along with Binance’s new debt assets, today is a busy day of listings on cryptocurrency exchanges. Here are other important news:
Listings on cryptocurrency exchanges are one of the most important events in the cryptocurrency ecosystem. These events can increase the liquidity of a cryptocurrency, affect its price and enable it to reach a wider audience of investors. These new listings contribute to the increase in diversity in the cryptocurrency market and to the greater choice of investors. It is thought that Binance, in particular, aims to attract institutional investors with its VIP Loan service. Continue to follow the developments in the cryptocurrency market on Kriptokoin.com! However, as we always say, do not forget to do your own research when making your investment decisions.
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