The post Binance Offers Zero-Interest Loans, Hires Ex-Central Bank Chief, How To Qualify! appeared first on Coinpedia Fintech News Binance has just rolled out a new loan service aimed at helping institutional clients access crypto liquidity more efficiently. With up to 4x leverage and even zero interest under certain conditions. On top of that, Binance has hired a former Central Bank of Ireland executive to lead its work in Europe and the UK. Binance Institutional Loans – With 0% Interest In a recent tweet post, Binance CEO Richard Teng announced that the company is launching “Binance Institutional Loans,” a product that allows large clients to borrow against their entire portfolio using multiple accounts. Unlike regular loans, these are cross-collateralized and offer much more flexibility. It lets big clients borrow $1 million to $10 million in USDT or USDC using multiple accounts as collateral. They can use over 400 crypto assets, including BTC, ETH, BNB, and SOL, to back the loan. These loans offer more flexibility than regular ones and don’t cut extra value from popular coins. If clients meet certain trading goals, they could even pay 0% interest, which means big savings for high-volume traders. [post_titles_links postid=”478653″] Who Are Eligible For The Loan To qualify, users must be corporate clients ranked VIP 5+ or companies that Binance assesses individually. Supported collateral includes BTC, ETH, SOL, BNB, and popular stablecoins. These borrowed funds can then be used for margin and futures trading on Binance with up to 4x leverage. Binance’s new loan service offers fast trading and flexible credit for top-tier clients. Verified companies can borrow quickly by linking approved accounts, with near-instant trade speeds. New Leader for Europe and UK Along with the loan launch, Binance also appointed Gillian Lynch as its new Head of Europe and the UK. Lynch previously worked at Gemini and the Central Bank of Ireland, giving her a solid background in both crypto and traditional finance. Her job will be to lead Binance’s strategy and daily work in Europe, while also talking with local regulators and governments. Binance says this move is part of its plan to grow safely, follow the rules, and protect users. [article_inside_subscriber_shortcode title=”Never Miss a Beat in the Crypto World!” description=”Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.” category_name=”News” category_id=”6″] FAQs What is Binance’s new Institutional Loans service, and what benefits does it offer? Binance Institutional Loans is a new product for large clients to borrow $1M-$10M in USDT or USDC, using their entire portfolio across multiple accounts as cross-collateral. It offers flexibility, up to 4x leverage for trading, and potentially 0% interest for clients meeting specific trading goals, providing significant savings. Who is eligible to apply for Binance’s new Institutional Loans? To qualify for Binance Institutional Loans, users must be corporate clients ranked VIP 5+ or companies that Binance individually assesses and approves. The service is designed for top-tier clients and verified companies seeking fast trading speeds and flexible credit.
