Binance fixed-rate loans now support conversion to floating-rate loans

ChainCatcher news, according to the official announcement, Binance has added a new feature for fixed-rate loans, now allowing users to convert fixed-rate loans to floating-rate loans at the loan maturity and extend the loan term without immediate repayment.

The new feature offers three maturity handling options: manual repayment, automatic repayment, or conversion to a floating-rate loan, aimed at helping users reduce liquidation risk and enhance lending flexibility.