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Home›Crypto›Market Structure›Binance launches bitcoin-backed Lite Loan with a $1,00…

Binance launches bitcoin-backed Lite Loan with a $1,000 limit

Binance said eligible users can borrow up to $1,000 in USDT using bitcoin as collateral through its new Lite Loan product.

Reported · Written up by our desk · Market Structure

Binance has launched Lite Loan, a new borrowing product backed by bitcoin, according to The Block. The service is designed to let eligible users borrow against their BTC holdings.

Under the offering, users can borrow up to $1,000 in USDT. The bitcoin-backed structure means the loan is tied to collateral provided by the borrower.

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Sources

The BlockBinance launches bitcoin-backed ‘Lite Loan’ with $1,000 borrowing limit

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