Binance has made new announcements for altcoins listed on VIP Loan and Futures platforms. In an important development, 5 altcoins, including ARB and USDC, are opened for TRY transactions.
Binance VIP Loan has expanded its list with these altcoins
Binance’s loan service, VIP Loan, has announced that it has added to its list of new loanable coins. This platform offers over-collateralized loans to individual and institutional investors with competitive rates and services. Users can use Binance VIP Loan for long-term mutual funds.
According to the official announcement dated May 19, the altcoins included in this scope are:
- New loanable assets: FXS, MKR, QNT, STG, MDT, OCEAN, HBAR, RIF and CELR
- New collateral assets: SUI, FLOW, LDO, OCEAN, CTSI, SNX, UNFI, STG, VET, INJ and JOE
Updating LINK leverage/margin tier
Binance Futures is delisting the USD₮-M-Link/USD futures contract and updating the leverage/margin tier. With this change, users should take into account the new regulations regarding the contract in question.
Binance Futures announced that it will close all positions in USD₮-M-Link/USD on May 23. It will perform an automatic swap on its Perpetual Contract. After the deal is completed, the contract will be removed from the list.
Also, Binance Futures will adjust the leverage and margin tiers of the USDⓈ-M LINKBUSD Perpetual Contract today at 15:30 according to the chart above. Existing positions opened before the update will be affected. It is highly recommended to adjust the position and leverage before adjusting to avoid any potential liquidation.
Binance makes these altcoins available with credit card
Binance has launched a range of cryptocurrencies to buy directly using credit/credit cards and fiat balances. Thanks to this new feature, users will be able to obtain these cryptocurrencies more easily and quickly.
According to the announcement, users can currently buy ARB, ID, RDNT, TUSD and USDC with fiat currency. These fiat currencies include BRL, EUR, NGN, PLN, RON, RUB, ZAR and TRY.
About Binance VIP Loan
Binance VIP Loan is a loan service for individual and corporate with competitive rates and services. Users can use VIP Credit specifically for purposes such as leveraged trading and hedging strategies. However, all collateral assets herein are subject to Margin Rates. Generally, tokens with lower liquidity are subject to lower collateral rates. Depending on the collateral amount, different collateral rates may apply for the same token.
Binance continues to have problems in Australia
Binance Australia announced on May 18 that it is suspending deposits of Australian dollars (AUD). cryptocoin.comWe have included the details in this article.
