Exchange Announcement Tracking

Feb 21,2024
Binance: Binance Upgraded the Pledged Currency (Demand Rate) Product (2024-02-27) This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Binance will perform an upgrade on Binance Loans (Flexible Rate) at 2024-02-27 08:00 (UTC), to effectively increase the initial Loan-to-Value (LTV) ratio for all new Flexible Loan orders from 70% to 78%. This allows users to enjoy higher liquidity, as they may then borrow more digital assets with the same amount of collateral.  Please Note: Users may view new Flexible Loan orders placed after 2024-02-27 08:00 (UTC) under the [Flexible Rate (New)] tab on Binance Loans. Please note that any outstanding Flexible Loan orders placed before 2024-02-27 08:00 (UTC) will be moved under the [Flexible Rate (Legacy)] tab. Binance will close all outstanding Flexible Loan orders under the [Flexible Rate (Legacy)] tab at 2024-04-24 03:00 (UTC) and waive the corresponding liquidation fees. Users are strongly advised to repay outstanding Flexible Loan orders under the [Flexible Rate (Legacy)] tab before 2024-04-24 03:00 (UTC) to avoid any potential losses, where applicable.After 2024-02-27 08:00 (UTC), users may place new Flexible Loan orders via the Binance App only after they upgrade the App to iOS v2.78.0 or Android v2.78.0, or later. Older app versions will no longer support the placement of new Flexible Loan orders.Users may refer to Loan Data for the latest interest rates and a complete list of loanable and collateral assets.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise. For More Information:  What Is Binance Loans (Flexible Rate) and Frequently Asked QuestionsBinance Loans Service Terms Thank you for your support! Binance Team 2024-02-21 Original link:
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