Binance has expanded access to its Institutional Loan product to all KYB-verified VIP clients while introducing higher leverage limits, fixed-rate borrowing terms, and a new interest rebate program tied to trading activity.
Summary
- Binance has opened Institutional Loan access to all KYB-verified VIP clients after previously limiting the product to VIP 5 users.
- Eligible borrowers can now access up to 5x leverage along with fixed-rate loan terms lasting up to 90 days.
According to a May 11 press release, Binance said the update removes the earlier VIP 5 requirement, allowing all KYB-verified VIP users to access the institutional borrowing product. The exchange also…
