Binance Launches Virtual Asset Loan Product for Institutions with Up to 4x Leverage
Summary
- Binance announced the launch of a loan product for institutions, offering up to 4x leverage and interest-free benefits.
- This product enables borrowing of up to $10 million worth of USDT or USDC by using assets from multiple sub-accounts as cross-collateral.
- Institutional clients are recognized for collateral at 100% value with major coins such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), improving capital efficiency.
The global virtual asset (cryptocurrency) exchange Binance announced the launch of an institutional loan product.
On the 4th (local time), the virtual asset-specialized media Crypto News reported, "Binance has launched a new loan product offering up to 4x leverage and interest-free benefits," adding, "The product aims to enhance capital efficiency for institutions that need quick access to liquidity."
This product allows clients to utilize the assets of multiple sub-accounts as cross-collateral to borrow up to $10 million worth of USDT or USDC. The borrowed funds are immediately credited into Binance's margin and futures trading accounts. Major coins such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) are recognized as collateral at 100% value without any loss.
The outlet explained, "Institutional clients may also receive interest-free benefits if certain conditions are met, and participation is possible through VIP status or manual review."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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