Richard Teng Announces Binance's Institutional Loans Release, Here’s What to Know
2025-07-04 11:48:03
Main Idea
Binance announces institutional loans with up to 4x leverage and zero interest potential, alongside the appointment of a former Central Bank of Ireland executive to oversee European and UK operations.
Key Points
1. Binance introduces institutional loans offering up to 4x leverage and zero interest potential for VIP 5+ corporate users or approved cases.
2. Accepted collateral includes BTC, ETH, USDT, USDC, and SOL.
3. Gillian Lynch, former executive at the Central Bank of Ireland, is appointed as Head of Europe and the UK to oversee compliance and expansion.
4. Richard Teng, Binance CEO, emphasizes Lynch's role in maintaining high standards of compliance, transparency, and user protection.
5. The loans aim to enhance liquidity access for institutional portfolios.
Description
Binance CEO reveals the launch of crypto loans for financial institutions on the exchange
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