#Binance suspends some asset borrowing.#
Hot Topic Overview
Overview
Binance announced that, effective January 15, 2025 at 11:00 AM (UTC+8), it will cease offering ten assets as eligible collateral for borrowing: Banana Gun (BANANA), Gains Network (GNS), Harmony (ONE), Kadena (KDA), Liquity (LQTY), Livepeer (LPT), Portal (PORTAL), Tellor Tributes (TRB), Viberate (VIB), and Vulcan Forged PYR (PYR). This measure signifies that users can no longer use these assets for collateralized borrowing operations, and Binance will discontinue support for lending these assets.
Ace Hot Topic Analysis
Analysis
Binance announced that it will stop offering ten assets, including Banana Gun (BANANA), Gains Network (GNS), Harmony (ONE), Kadena (KDA), Liquity (LQTY), Livepeer (LPT), Portal (PORTAL), Tellor Tributes (TRB), Viberate (VIB), and Vulcan Forged PYR (PYR), as borrowable assets for its margin lending service, effective January 15, 2025, 11:00 AM UTC. This move means users will no longer be able to use these assets for margin lending or borrow them. The reason behind Binance’s decision to discontinue these assets as borrowable assets is currently unclear, but it could be due to insufficient liquidity or higher risk associated with these assets.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance has paused lending for some assets, which may be related to the market performance or risk control of these assets.
Binance's move may reflect its cautious attitude towards market risk and its desire to focus on more stable assets.
The assets for which lending has been paused include BANANA, GNS, etc., which may have liquidity issues or large price fluctuations.
This move by Binance may have some impact on the prices of related assets, but the specific extent of the impact remains to be seen.