#Binance suspends some asset lending#
Hot Topic Overview
Overview
Binance announces that it will cease offering ten 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 borrowable assets for its margin borrowing service, effective 11:00 AM (UTC) on January 15, 2025. This measure implies that users will no longer be able to utilize these assets for margin borrowing, and Binance will no longer support lending operations for these assets.
Ace Hot Topic Analysis
Analysis
Binance has announced that it will stop offering ten 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 from 11:00 AM UTC on January 15, 2025. This move means that users will no longer be able to use these assets as collateral for borrowing, nor will they be able to borrow these assets. The reason for Binance stopping offering these assets as collateral is unclear, but it could be related to the liquidity, risk, or other factors of these assets. The news has drawn market attention, with some investors worried that this may signal a further contraction of Binance's lending business.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance
stops
offering
some
assets
as
collateral
for
borrow
and
lend
assets
,
the
affected
assets
include
BANANA
,
GNS
,
ONE
,
KDA
,
LQTY
,
LPT
,
PORTAL
,
TRB
,
VIB
and
PYR
,
the
stop
time
is
11:00
on
January
15th
2025
Beijing
time
,
Binance
's
move
may
be
related
to
market
risk
control
or
asset
liquidity