#Binance suspends some asset lending#
Hot Topic Overview
Overview
Binance announces that, effective 11:00 AM (UTC+8) on January 15, 2025, it will discontinue support for ten assets as 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 means users will no longer be able to use these assets for collateralized borrowing, and Binance will no longer support borrowing services for these assets.
Ace Hot Topic Analysis
Analysis
Binance announced that, effective January 15, 2025, 11:00 AM (UTC+8), Binance Earn will no longer offer ten assets as eligible assets 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 decision means that users will no longer be able to use these assets for Binance Earn or borrow them. The reason for Binance's discontinuation of these assets as eligible for borrowing is currently unclear, but it could be due to insufficient liquidity or higher risk associated with these assets. This move could potentially have some impact on the prices of the affected assets and could also affect the overall liquidity of the Binance platform.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance suspends some asset lending, involving BANANA, GNS and ten other cryptocurrencies.
This adjustment may be related to Binance's risk assessment of these assets, or to market fluctuations and changes in the regulatory environment.
Binance's move may have some impact on the prices of related assets, but the specific extent of the impact is still unclear.
Binance's move may also reflect a downward trend in the overall risk appetite of the cryptocurrency market.