The world’s largest crypto exchange Binance on Wednesday said it is offering new loanable and collateral assets on Binance Loans and VIP Loan, expanding support for various cryptocurrencies. Crypto exchange Binance continues its support of selected trending crypto including 1inch Network (1INCH), BOOK OF MEME (BOME), Convex Finance (CVX), Dogwifhat (WIF), Ronin (RONIN), Ocean Protocol (OCEAN), and others.

Binance Announces New Loanable and Collateral Assets

In an official announcement on April 3, Binance revealed new loanable and collateral assets on Binance Loans and VIP Loan.

Binance has added the following loanable assets: 1inch Network (1INCH), Acala Token (ACA), ARPA (ARPA), Astar (ASTR), Band Protocol (BAND), BinaryX (BNX), Compound (COMP), CyberConnect (CYBER), DODO (DODO), SPACE ID (ID), IoTeX (IOTX), Kava (KAVA), Kusama (KSM), League of Kingdoms Arena (LOKA), Treasure (MAGIC), Ocean Protocol (OCEAN), Vulcan Forged (PYR), Rootstock Infrastructure Framework (RIF) and SushiSwap (SUSHI).

Users can borrow these assets for spot, margin, and futures trading or else stake these to earn high APY. These have low rate loan staking.

In addition, Binance VIP Loan has added new loanable assets Altlayer (ALT) and DigiByte (DGB) for its key customers such as institutional investors.

Also, the new collateral assets under VIP Loan are BinaryX (BNX), BOOK OF MEME (BOME), Convex Finance (CVX), Dusk (DUSK), ether .fi (ETHFI), Flamingo (FLM), Moonbeam (GLMR), Hifi Finance (HIFI), Litentry (LIT), Lisk (LSK), Ontology (ONT), Orchid (OXT), Rootstock Infrastructure Framework (RIF), Ronin (RONIN), SKALE (SKL), STP (STPT), Dogwifhat (WIF), Verge (XVG), 0x Protocol (ZRX).

Also Read: Top Bitcoin Analyst Says This Data More Crucial Than Bitcoin Halving

Altcoins Prices Gain

BOME price jumped 10% in the last 24 hours, with the price currently trading at $0.0173. The 24-hour low and high are $0.0157 and $0.0184, respectively. Furthermore, the trading volume has decreased by 40% in the last 24 hours. Amid a widespread crypto market crash, BOME has defied the trend by experiencing a notable price rally.

Solana-based meme coin WIF price also trades strongly defying the market downfall. The price climbed over 2% in the past 24 hours, with the price trading at $3.87. The 24-hour low and high are $3.65 and $4.16, respectively.

Meanwhile, other altcoins also saw a jump in prices after the Binance’s announcement.

Also Read: Solana Meme Coin MEW Rallies 50% Amid Major Listing Announcement

The post Binance Expands Support for BOME, WIF, And 36 Other Crypto For Market Recovery appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am