Important Binance Announcement Impacting WIF and PEPE Investors

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Important Binance Announcement Impacting WIF and pepe Investors


TL;DR

• binance added 18 new cryptocurrencies to its credit program, including meme coins and established altcoins, and added new tokens to its VIP Credit section.
• Binance Loans allow users to borrow money using their crypto stash as collateral.

Leading cryptocurrency exchange Binance continues to implement changes to its platform to respond to current market trends and improve users’ experiences.

lately this Additional 18 new loanable assets to Binance Credit. Some of the cryptocurrencies involved include trending meme coins dogwifhat (WIF) and Pepe (PEPE), as well as popular altcoins like Hedera (HBAR), IOTA (IOTA), celestia (TIA), and more.

It also announced the addition of Saga (SAGA) and Tensor (TNSR) to its VIP Credit section. Both tokens surfaced earlier this week and their market caps have soared to over $200 million.

Binance Loans (Flexible Rate) is a service that allows users to borrow money using their digital assets as collateral.

“Users can enjoy greater flexibility without being locked into a specific loan term when borrowing cryptocurrency through Binance Credits (Flexible Rate) and also earn Real-Time APR rewards through Simple Earn Flexible Products. The company announced that loan rates are refreshed every minute and users can order loans worth at least 1 USDT equivalent.

The company has announced many similar studies since the beginning of the year. Last month, this Additional PEPE/FDUSD, UNI/FDUSD, OM/TRY, PIXEL/USDC, STRK/USDC and Theta/TRY trading pairs were available on Binance Spot, while Floki Inu (FLOKI) and 16 other altcoins were also traded. introduced As new loanable assets on Binance Credits.

The firm recently opened trading for the USDT/MXN pair and enabled Spot Algo Orders Trading Bots services. MXN is the symbol for the Mexican peso (the national currency of the Latin American country).

Allowing such an option could make dealing with crypto easier for locals. For example, they can access the stablecoin ecosystem without having to convert their funds to USD.

Binance also regularly adds trading pairs focused on the Turkish lira, allowing locals to jump on the cryptocurrency bandwagon. Turks are very interested in the digital asset sector, perhaps because they are looking for financial alternatives to the economic difficulties their country is struggling with.


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