Binance Launches 4x Leveraged Loan Service for Institutional Users

Odaily News According to the official announcement, Binance has launched an institutional loan service for VIP5 and above institutional users (KYB), providing up to 4x leverage. The service supports cross-subaccount collateral (up to 10 subaccount UIDs), and the collateral assets cover the net value of spot, full-position and combined margin accounts, and support more than 400 types of collateral assets (including BTC, ETH and other assets that are exempt from reduction). The loan funds can be used for full-position, combined margin or combined margin professional version transactions in Binance margin and futures markets. Institutional loans provide a tiered interest rate structure, and eligible people can enjoy a zero interest discount. (This newsletter is generated with the assistance of AI)