Binance has announced the expansion of its lending platform by adding seven new altcoins as collateral assets, effective June 18, 2025.
New Altcoins to the Credit Platform
Binance is expanding its lending products by adding altcoins such as Official Trump (TRUMP), Sonic (S), Peanut the Squirrel (PNUT), Virtuals Protocol (VIRTUAL), and ssv.network (SSV) to the flexible loan program. Additionally, VIP loans will now include Defi App (HOME) and Resolv (RESOLV). These new offerings aim to enhance users' liquidity provision capabilities and improve investment strategies.
Features of Flexible and VIP Loans
Binance’s flexible loans target a broad user base interested in borrowing cryptocurrency without a specified maturity commitment. VIP loans are tailored for individual and institutional investors conducting high-volume transactions, providing additional borrowing options to meet large-scale needs.
Operational Mechanics of Lending at Binance
Binance Loans allows users to instantly borrow funds using assets already locked in Simple Earn as collateral. The minimum borrowing amount is equivalent to 1 USDC, and loan interest rates are updated every minute. VIP loans offer competitive interest rates and additional support for complex asset management.
The expansion of Binance's lending product line with new altcoins highlights the platform's commitment to adapting to user demands and enhancing borrowing options.
