Binance adds Axie Infinity, PAX Gold, Pendle, Render and USD Coin to its flexible rate loan offerings, enhancing its suite of financial services.
Binance, one of the world’s leading cryptocurrency exchanges, has expanded its financial services offerings by adding several new assets to its Binance Loans (Flexible Rate) product, as announced on March 13, 2024. The new digital assets available for lending include Axie Infinity ( AXS), PAX Gold (PAXG), Pendle (PENDLE), Render (RNDR) and USD Coin (USDC).
The addition of these assets provides Binance users with more diverse options for using their cryptocurrency holdings. Binance Loans (Flexible Rate) allows users to take out loans by collateralizing their cryptocurrency, providing flexibility without committing to a fixed loan term. This service stands out because it offers users the opportunity to earn real-time annual percentage (APR) rewards through Simple Earn Flexible Products while their cryptocurrencies are used as collateral.
Please note:
Users are encouraged to check the Loan Data section of the Binance platform for the latest interest rates and a comprehensive list of loan and collateral assets.
To use the new Binance Loans (Flexible Rate) service, users must make sure they have updated their Binance app to iOS v2.78.0 or Android v2.78.0 or later, as older versions do not support this feature .
The continuous expansion of Binance’s services demonstrates its commitment to providing comprehensive financial tools to its global user base. However, it is important to note that the availability of these products and services may vary by region.
Because digital asset prices are volatile and the value of investments can fluctuate. Users are advised to make investment decisions with caution as Binance is not responsible for potential losses. APR is approximate and may differ from actual prizes. This message is not financial advice.
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