What is BingX Loan BingX Loan is a financial service that offers user funds to meet short-term liquidity needs. With this service, you can borrow funds without selling your cryptos. By pledging your crypto and paying interest, you can borrow hot tokens like BTC, ETH and XRP, or stablecoins like USDT and USDC.
Advantages Ultra-Low Interest Rates: Enjoy competitive ultra-low interest rates with hourly interest calculations and the flexibility to repay anytime. Flexible Allocation: Borrowed funds can be used for various platform features such as Spot Trading, Futures Trading or Wealth product subscription. You can also withdraw the borrowed funds for use outside the platform.
Example Scenario User A holds a BTCUSDT long position in Perpetual Futures and also has ETH Spot assets. If the BTCUSDT price drops and there is insufficient margin for the Perpetual Futures position, User A can pledge their ETH Spot assets to borrow USDT. The borrowed USDT can then be transferred to the Perpetual Futures Account to increase the margin and prevent liquidation. When the BTCUSDT price increases, User A can transfer the USDT from the Perpetual Futures Account to the Fund Account to repay the borrowed principal and interest. 🔗🔗🔗🔗🔗🔗🔗🔗🔗🔗 https://bingx.com/invite/GV17FZ/ @coinorz
What is BingX Loan BingX Loan is a financial service that offers user funds to meet short-term liquidity needs. With this service, you can borrow funds without selling your cryptos. By pledging your crypto and paying interest, you can borrow hot tokens like BTC, ETH and XRP, or stablecoins like USDT and USDC.
Advantages Ultra-Low Interest Rates: Enjoy competitive ultra-low interest rates with hourly interest calculations and the flexibility to repay anytime. Flexible Allocation: Borrowed funds can be used for various platform features such as Spot Trading, Futures Trading or Wealth product subscription. You can also withdraw the borrowed funds for use outside the platform.
Example Scenario User A holds a BTCUSDT long position in Perpetual Futures and also has ETH Spot assets. If the BTCUSDT price drops and there is insufficient margin for the Perpetual Futures position, User A can pledge their ETH Spot assets to borrow USDT. The borrowed USDT can then be transferred to the Perpetual Futures Account to increase the margin and prevent liquidation. When the BTCUSDT price increases, User A can transfer the USDT from the Perpetual Futures Account to the Fund Account to repay the borrowed principal and interest. 🔗🔗🔗🔗🔗🔗🔗🔗🔗🔗 https://bingx.com/invite/GV17FZ/ @coinorz
BY Coinorz
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The company maintains that it cannot act against individual or group chats, which are “private amongst their participants,” but it will respond to requests in relation to sticker sets, channels and bots which are publicly available. During the invasion of Ukraine, Pavel Durov has wrestled with this issue a lot more prominently than he has before. Channels like Donbass Insider and Bellum Acta, as reported by Foreign Policy, started pumping out pro-Russian propaganda as the invasion began. So much so that the Ukrainian National Security and Defense Council issued a statement labeling which accounts are Russian-backed. Ukrainian officials, in potential violation of the Geneva Convention, have shared imagery of dead and captured Russian soldiers on the platform. On Feb. 27, however, he admitted from his Russian-language account that "Telegram channels are increasingly becoming a source of unverified information related to Ukrainian events." Perpetrators of these scams will create a public group on Telegram to promote these investment packages that are usually accompanied by fake testimonies and sometimes advertised as being Shariah-compliant. Interested investors will be asked to directly message the representatives to begin investing in the various investment packages offered. "Markets were cheering this economic recovery and return to strong economic growth, but the cheers will turn to tears if the inflation outbreak pushes businesses and consumers to the brink of recession," he added. False news often spreads via public groups, or chats, with potentially fatal effects.
from cn
