Binance, the leading cryptocurrency exchange, has recently made SHIB (Shiba Inu) eligible as a collateral asset for its flexible loan services. Not stopping there, Binance has expanded its list of accepted collateral assets to include other notable cryptocurrencies such as COMP (Compound), IOTA, RLC (iExec), HOT (Holo), ENJ (Enjin Coin), THETA, and IOST. This move allows users to secure loans using these digital assets without being tied to fixed repayment terms.
The Binance Flexible Loan service stands out from traditional loan offerings as it provides users with the freedom to put up their cryptocurrencies as collateral and receive loans without the constraints of predefined repayment schedules. Moreover, this unique loan service offers real-time rewards based on the annual percentage rate (APR), giving borrowers added benefits.