#Binance suspends lending for certain assets#
Hot Topic Overview
Overview
Binance announced that it will stop offering 10 assets, including 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), as collateral for borrowing starting at 11:00 AM UTC on January 15, 2025. This adjustment means that users will no longer be able to use these assets for borrowing against collateral.
Ace Hot Topic Analysis
Analysis
Binance has announced that, effective January 15, 2025 at 11:00 AM Beijing time, Binance Earn will stop offering ten assets as eligible 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 move signifies that users will no longer be able to use these assets for borrowing against their holdings. While the reason for Binance discontinuing these assets as eligible for borrowing remains unclear, it could be attributed to insufficient liquidity or higher risks associated with these assets. This change could potentially have an impact on the prices of these assets, but the extent of this impact remains to be seen.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance suspends staking and lending services for some assets, possibly due to their liquidity or risk control.
Binance's move could indicate that it will be more cautious in selecting eligible assets for lending and may have an impact on other cryptocurrency platforms.
This adjustment may affect users holding the relevant assets, who may need to find other platforms for staking and lending.
Binance's move may reflect a shift in overall risk appetite in the cryptocurrency market and the platform's focus on risk control.