#Binance suspends lending for some assets#
Hot Topic Overview
Overview
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 borrowing service, effective 11:00 AM (UTC) on January 15, 2025. This move means that users will no longer be able to use these assets for margin borrowing, and Binance will no longer support the borrowing business for these assets.
Ace Hot Topic Analysis
Analysis
Binance has announced that it will stop offering certain assets as borrowable assets for its Binance Earn lending service starting from 11:00 AM (UTC) on January 15, 2025. The assets that will be removed 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 means users will no longer be able to use these assets as collateral to borrow other cryptocurrencies. Binance did not provide a reason for the removal of these assets, but the decision might be related to their market performance or risk assessment. It is important to note that Binance still offers other cryptocurrencies as borrowable assets. Users can continue to use these assets for Binance Earn lending.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
BANANA
GNS
ONE
KDA
LQTY
LPT
PORTAL
TRB
VIB
PYR