16 May 2022 [services]

Binance adds XMR as Collateral Asset on Binance Loans platform

Binance1 has added2 XMR as a Collateral Asset on their Binance Loans3 platform:

Binance Loans provides a large range of options for supported crypto assets, interest rates, collateral assets, and maximum loanable limits based on market conditions and internal risk management.

Unsurprisingly, the news was received4 with widespread skepticism in the Monero community.

  1. https://www.binance.com/ 

  2. https://www.binance.com/en/support/announcement/a0bd5f2e306147bb9c7e0c0c72852251 

  3. https://www.binance.com/en/loan 

  4. https://libredd.it/uqt38u/