Binance has just deployed a new loan service to help institutional customers access the liquidity of cryptography more effectively. With a lever effect up to 4x and even zero interest under certain conditions.
In addition to that, Binance hired a former executive of the central bank of Ireland to direct its work in Europe and the United Kingdom.
Binance Institutional Loans – with 0% interest
In a Recent tweet post, binance CEO Richard Teng has announced that the company launched “Binance institutional loans”, a product that allows large customers to borrow against all of their portfolio using several accounts.
Unlike regular loans, these are crossed and offer much more flexibility.
It allows large customers to borrow $ 1 to $ 10 million in USDT or USDC using several accounts as guarantee.
They can use more than 400 cryptographic active ingredients, including BTC, ETH, BNB and Sol, to support the loan. These loans offer more flexibility than regular and do not reduce the additional value of popular parts.
If customers reach certain negotiation objectives, they could even pay 0% interest, which means big savings for high volume traders.
Who are eligible for the loan
To qualify, Users must be business Customers have classified VIP 5+ or companies that Binance evaluates individually. Supported guarantees include BTC, ETH, Sol, BNB and Popular Stablecoins.
These borrowed funds can then be used for the margin and long -term trading on Binance with a lever effect up to 4x.
The new Binance loan service offers rapid exchanges and a flexible credit for high -level customers. Verified companies can borrow quickly by linking approved accounts, with almost instant commercial speeds.
New leader for Europe and the United Kingdom
With the launch of the loan, Binance also named Gillian Lynch as a new head in Europe and the United Kingdom. Lynch previously worked at Gemini and the central bank of Ireland, giving it solid experience in crypto and traditional finance.
His job will be to direct Binance’s strategy and daily work in Europe, while chatting with local regulators and governments.
Binance says that this decision is part of its plan to develop safely, follow the rules and protect users.
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Faq
Binance Institutional Loans is a new product for large customers in order to borrow $ 1 million from $ 10 million in USDT or USDC, using all of their portfolio on several accounts as a cross. It offers flexibility, up to 4x lever for trading and potentially 0% interest in customers achieving specific trading objectives, offering significant savings.
To qualify for Binance institutional loans, users must be business customers classified VIP 5+ or companies that assess and approve individually. The service is designed for high -level customers and verified companies looking for rapid trading and flexible credit speeds.