Binance upgrades its crypto lending service to support the financing needs of long-term holders such as Bitcoin miners.

According to CryptoNews, Binance has upgraded its lending service, launching an improved version of its Flexible Loan product, allowing users to obtain liquidity without selling assets. This product is an over-collateralized, open-ended, segregated lending solution with a minimum loan amount equivalent to $1. It supports borrowing and repayment at any time, with no fees charged for either. Collateralized assets are automatically integrated into the Simple Earn flexible product, generating continuous returns every minute, allowing users to "earn interest while collateralizing." Loan interest rates are also updated every minute to reflect real-time market conditions. Lent funds can be used for spot trading, leveraged positions, contract trading, or further pledging, supporting assets including mainstream tokens such as BTC, ETH, and USDT. The platform has a built-in risk monitoring mechanism, but users still need to actively manage their positions and maintain sufficient collateral buffers to prevent forced liquidation. Binance stated that this upgrade is particularly suitable for long-term holders such as Bitcoin miners, allowing them to cover operating costs or capitalize on market opportunities without reducing their asset holdings.