• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Binance Introduces Fixed Rate Loans for Users

user avatar

by Giorgi Kostiuk

10 months ago


  1. Binance Fixed Rate Loans
  2. Key Features
  3. Binance Leadership's Position

  4. Binance, the global blockchain ecosystem and the world’s largest cryptocurrency exchange by trading volume and users, has announced the launch of Fixed Rate Loans. This new service enables users to safely borrow and lend stablecoins with customizable fixed interest rates for a selected duration.

    Binance Fixed Rate Loans

    Users may earn a fixed Annual Percentage Rate (APR) on their investments by lending their stablecoins or borrowing them by pledging over-collateralized assets. This approach minimizes exposure to market volatility and offers predictable financial returns or expenses.

    Key Features

    Key features of Binance Fixed Rate Loans include:

    - **Stable, Predictable Interest Rates:** Borrowers can lock in a set APR for a selected duration, avoiding interest rate fluctuations. Similarly, suppliers receive a fixed rate of return on their stablecoin assets, avoiding the risks associated with fluctuating returns.

    - **Over-Collateralization for Security:** Borrowers are required to provide collateral exceeding the loan amount, creating a safeguard against market fluctuations and reducing the risk of liquidation. Multi-asset collateral is supported, offering users flexibility to diversify and protect their investments.

    - **Adaptable Loan Options:** With a minimum loan of $50,000 in stablecoins, borrowers can choose the loan size, duration, and interest rate that best suit their financial goals.

    - **Secure and Automated Process:** Binance offers a seamless lending and borrowing experience, with options for automatic renewal and repayment for management convenience.

    Binance Leadership's Position

    Vishal Sacheendran, Head of Regional Markets at Binance, stated:

    >CITE_W_A: “Binance Fixed Rate Loans are a direct response to the demand we’ve seen from users who want greater control and predictability in their financial decisions. By offering a secure and structured way to borrow and lend stablecoins, we provide a stable solution for users seeking financial certainty in an often volatile market. Whether you’re borrowing or supplying, this product is designed to offer a seamless experience, backed by Binance’s trusted platform.”

    The new product adds to Binance's extensive lineup of credit products. Alongside Fixed Rate Loans, Binance offers Flexible Loans, VIP Loans, and Simple Earn, each serving distinct financial purposes.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

New Opportunities in the Meme Cryptocurrency Market: Troller Cat Gaining Popularity

chest

Exploring the rise of Troller Cat amid shifts in meme cryptocurrencies and the current status of Shiba Inu and Pepe.

user avatarGiorgi Kostiuk

Bit Digital Makes $67.3 Million Ethereum Purchase, Strengthening Its Holdings

chest

Bit Digital invests $67.3 million in Ethereum, raising total holdings to nearly 120,306 coins.

user avatarGiorgi Kostiuk

Block Inc. Joins S&P 500, Replacing Hess Corp.

chest

Block Inc. will replace Hess Corp. in the S&P 500, potentially impacting Bitcoin's acceptance by institutional investors.

user avatarGiorgi Kostiuk

XRP Sets New Record Following Legislative Changes

chest

XRP hit $3.66, surpassing previous records due to increased investor interest and the expected signing of the GENIUS Act.

user avatarGiorgi Kostiuk

MEI Pharma and Litecoin: New $100 Million Treasury Strategy

chest

MEI Pharma has announced a $100 million treasury strategy with Litecoin, led by Litecoin creator Charlie Lee. Market reaction was volatile.

user avatarGiorgi Kostiuk

Merkel Urges for a Cohesive EU Response to US Tariffs

chest

Merkel calls for EU unity in response to US tariffs that may disrupt trade chains.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.