Shiba Inu (SHIB) Gets Green Light from Binance as Collateral Asset for Flexible Loans

.binance, the world's leading cryptocurrency exchange, has approved $SHIB as a collateral asset for flexible loans

This means users can get a loan using cryptocurrencies they have in their Simple Earn Flexible Products, an investment product offered byUnlike other loan services, Binance's flexible loan doesn't force users to repay their loans within a fixed time frame. Additionally, it provides real-time rewards based on the annual percentage rate .

If the value of the collateral falls or the loan value rises, thus causing the loan-to-value ratio to exceed a certain threshold, the loan may be liquidated to repay the loan partially or fully., investors must tread carefully. The crypto ocean can be treacherous, and borrowing against volatile crypto lifeboats, like SHIB, could stir up storms of risk due to potential tidal waves in value.

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