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

According to Crowdfund Insider, Binance has upgraded its lending services, launching an improved Flexible Loan product that allows users to obtain liquidity without selling their assets.

This product is an over-collateralized, open-term isolated lending solution, with a minimum loan amount equivalent to 1 USD. It supports borrowing and repayment at any time, and no fees are charged for either. The collateralized assets will automatically connect to the Simple Earn flexible product, continuously generating earnings every minute, achieving "earn interest while collateralizing." The loan interest rate is also refreshed every minute to reflect real-time market conditions. Borrowed funds can be used for spot trading, leveraged positions, contract trading, or further staking, with supported assets including mainstream tokens like 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 like Bitcoin miners, allowing them to cover operational costs or seize market opportunities without reducing their asset holdings.