Richard Teng Announces Binance's Institutional Loans Release, Here’s What to Know

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.