Binance, a leading player in the cryptocurrency market, has announced a new service for institutional clients - high liquidity loans.
Support for Institutions: Binance Loans
CEO Richard Teng announced that the platform is launching a new product for institutional clients called Binance Institutional Loans. This product is not just a credit line, but a new model for institutions to access liquidity. By allowing loans secured by cross-collateral and offering up to 4x leverage, Binance aims to optimize its clients' capital.
New Head of Binance in Europe and the UK
Binance has also announced the appointment of a new top executive — Gillian Lynch, who previously held executive positions at the cryptocurrency exchange Gemini and the Central Bank of Ireland. She will lead strategic expansion and compliance matters for Europe and the UK.
Gillian Lynch's Expertise in Financial Technology
Lynch will oversee Binance’s strategy in these regions, daily operations, and regulatory engagement to ensure compliance with high standards of transparency and user protection.
Thus, Binance continues to strive for expansion and strengthening its position in the European and UK markets by introducing new financial products and appointing experts to address key challenges.
