### Binance suspends certain lending assets#
Hot Topic Overview
Overview
Binance announced that starting from 11:00 (UTC+8) on January 15, 2025, Binance Earn's Borrow will no longer offer 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 eligible assets for borrowing. This move means that users will no longer be able to use these assets for borrowing operations, and Binance will no longer support borrowing for these assets.
Ace Hot Topic Analysis
Analysis
Binance has announced that it will discontinue offering certain assets as collateral for borrowing, effective January 15, 2025, 11:00 AM (UTC+8). The affected assets include 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 move could be related to the market performance, liquidity, or risk assessment of these assets. While Binance has not explicitly stated the reason for discontinuing these assets as borrowable collateral, it may reflect its assessment of market risks and its commitment to user funds security. For users, this means they will no longer be able to use these assets for collateralized borrowing and will need to seek alternative lending platforms or assets.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance stopped offering some lending assets, possibly to reduce risk, as these assets have lower liquidity or higher market volatility.
Binance's move may be related to recent volatility in the crypto market, and Binance may be looking to reduce risk exposure.
Binance's decision to stop offering some lending assets could have a negative impact on the price of these assets, as investors may reduce their demand for these assets.
Binance's move may reflect changes in the crypto market regulatory environment, and Binance may be looking to comply with stricter regulatory requirements.