#Binance suspends lending assets#
Hot Topic Overview
Overview
Binance announced that, effective January 15, 2025, 11:00 AM (UTC+8), it will discontinue offering ten assets as eligible collateral for borrowing through its borrow feature: 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 change means that users will no longer be able to utilize these assets for borrow operations.
Ace Hot Topic Analysis
Analysis
Binance has announced that it will stop offering ten assets as collateral for borrowing, effective from 11:00 AM UTC on January 15, 2025. These assets 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 that users will no longer be able to use these assets for collateralized borrowing, nor will they be able to borrow these assets. The reason behind Binance's suspension of these assets as collateral is currently unclear, but it may be due to insufficient liquidity, high risk, or other factors.This event has raised concerns about the security and liquidity of the Binance platform. It also serves as a reminder for investors to carefully select assets when engaging in borrowing activities and to pay attention to platform risk warnings.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance
suspends
part
of
its
asset
staking
and
borrowing
services
The
suspended
assets
include
BANANA
GNS
and
ten
other
cryptocurrencies
The
suspension
will
take
effect
from
11
00
on
January
15
2025
Binance
has
not
explained
the
reason
for
suspending
the
borrowing
assets