Binance Introduces Cryptocurrency Lending Feature

Binance expands lending assets to enhance user borrowing flexibility. BNB sees a positive price movement following the announcement of the new lending service.

Azcnews Binance Introduces Cryptocurrency Lending Feature

Binance [BNB], one of the leading cryptocurrency trading platforms, has announced plans to expand its lending assets through the Binance Loans (Flexible Rates) and VIP Loan services. This initiative is designed to cater to the diverse borrowing needs of users, enhancing their flexibility on the platform.

What is the purpose?

By introducing new lendable assets, Binance aims to maintain its position as a versatile provider in the evolving digital finance landscape.

Interestingly, this move by Binance comes amidst its ongoing legal battle with the SEC, and the recent verdict involving CEO Changpeng Zhao marks a significant development.

To provide more details on the plan, the team released a press statement, noting, “Binance has added the following lending assets to Binance Loans (Flexible Rates) and VIP Loan.

Binance Loans (Flexible Rates) – Bittensor (TAO), LayerZero (ZRO), and Lista (LISTA)”

VIP Loan – Bittensor (TAO), COTI (COTI), LayerZero (ZRO), Lista (LISTA), Portal (PORTAL), Sleepless AI (AI), and Vanar (VANRY).”

To further clarify their new initiative, the team added:

“To place a new Binance Loans (Flexible Rates) order through the Binance App, please upgrade the App to iOS v2.78.0 or Android v2.78.0 or higher. Older app versions no longer support placing new Binance Loans (Flexible Rates) orders.”

Impact on BNB?

Bnb Chart
Bnb Chart

This development has reversed the downward trend observed in BNB for quite some time. According to the latest update, BNB is trading at $530.70 with a 1.39% increase over the past 24 hours.

However, it is important to note that while the new initiative has boosted BNB’s price, the Relative Strength Index (RSI) remains at 44, indicating a bearish sentiment below the neutral level at press time.

Therefore, for BNB to reach and surpass the $600 mark, it must break the immediate resistance at $559, paving the way for a sustainable bullish phase and anticipated price surge.

Bnb Santiment
Bnb Santiment

This is further corroborated by Santiment data analysis, which shows a significant decline in Social Volume and Weighted Sentiment.

This highlights an increase in negative comments surrounding the BNB token, reflecting growing bearish sentiment.

(9 votes)

4.0/5

(9 votes)
  1. Avatar of Bilal 🦅
    Bilal 🦅

    Okay 👌

  2. Avatar of
    Anonymous

    Great 👍

Comments are closed.

Latest

Ethereum’s Key Changes After The Fusaka Upgrade

News | Altcoin | Editor Choice

Ethereum’s Key Changes After the Fusaka Upgrade

The Fusaka upgrade marks a pivotal step in Ethereum’s journey toward large-scale scalability, promising faster transaction speeds, enhanced security, and laying the foundation for the next explosive phase of the world’s leading blockchain.

How To Join The Metamask Airdrop 

Airdrops | Editor Choice

How to Join the MetaMask Airdrop 

Join the Metamask airdrop hunt, the most popular blockchain wallet in crypto is having a 90-day point earning program.

Binance Delists 3 Altcoins, Prices Instantly Swing

News | Altcoin | Editor Choice

Binance Delists 3 Altcoins, Prices Instantly Swing

Binance’s unexpected decision to delist three altcoins — FLM, KDA, and PERP — has sent shockwaves through the crypto market, triggering intense volatility. Yet, in a surprising twist, FLM surged, defying all conventional market logic.

The Pattern Is Repeating, Xrp Predicted To Surge To $15

News | Altcoin | Editor Choice

The Pattern Is Repeating: XRP Predicted to Surge to $15

This wave of optimism follows a strong market rebound after the sharp correction on October 10, reigniting hopes that XRP may be entering a new breakout cycle.

Bitcoin Unlikely To Rally Until The Us–china Deal Is Finalized

News | Bitcoin | Editor Choice

Bitcoin Unlikely to Rally Until the US–China Deal Is Finalized

Bitcoin continues to swing sharply around the $116,000 resistance level as markets hold their breath ahead of two major events: the Federal Reserve’s rate decision and the outcome of the US–China trade negotiations.

Screenshot 2025 10 20 091338