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Are you ready for the latest updates in the world of cryptocurrency? Look no further than Extreme Investor Network, your go-to source for in-depth analysis and expert insights. Today, we bring you important news from one of the biggest players in the industry – Binance.
Binance Announces Changes to Loan Services
On August 26, 2024, Binance made a significant announcement regarding its loan services. Starting from September 2, 2024, at 04:00 (UTC), Binance will be discontinuing its 7-Day and 30-Day Stable Rate Loan services. This update comes as part of Binance’s ongoing efforts to optimize its product offerings for its users.
What You Need to Know
After September 2nd, users will no longer be able to place new orders for Stable Rate Loans or extend existing ones. It is important to note that this change applies to all orders, including those made through Stable API (SAPI) endpoints. While ongoing orders will not be affected and can be held until their expiry, users are advised to disconnect their systems from the relevant endpoints before the service termination date.
Impact on VIP Loan Services
Despite the changes to the 7-Day and 30-Day Stable Rate Loan services, users utilizing VIP Loan services are unaffected and can continue to use them as usual. This ensures that VIP users can still enjoy the benefits of Binance’s loan services without any disruption.
Stay Informed and Invest Wisely
As with any investment in the cryptocurrency space, it is crucial to understand the risks involved. Binance reminds users of the high market risk and price volatility associated with digital assets and emphasizes the importance of investing only in products they understand. Users are encouraged to review Binance’s Terms of Use and Risk Warning for more information.
For the most accurate information, users are advised to refer to the original English version of the announcement, as there may be discrepancies in translated versions. Binance also reserves the right to amend or cancel this announcement at any time without prior notice.
At Extreme Investor Network, we strive to provide you with the latest updates and expert insights to help you navigate the ever-evolving world of cryptocurrency. Stay tuned for more news and analysis from our team of experts.
For the original announcement, visit Binance.
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