Binance Loan Adds Support for BCH, LTC and XRP as Collateral.
Binance Loan announced support for three additional cryptocurrencies including Bitcoin Cash (BCH), Litecoin (LTC) and Ripple (XRP).
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The newly added crypto coins will be used as a collateral alongside other top cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) already listed on the platform.
Binance Loan is a crypto loan service where funding support service is offered to registered binance users to allow them access loan through binance, fulfilling all the requirements.
Binance Registered Users can access and borrow loans in the form of stablecoins such as BUSD and USDT. You can check and see how binance loan works.
According to the binance website,
“Binance Loans will continue to be flexible and actively provide a varying range of options for supported crypto assets, interest rates, collateral assets, and maximum loanable limits based on market conditions and our internal risk management.”