Binance Boosts Institutional Loans to 5x Leverage as Compliance Chief Eyes Exit
BeInCrypto
Binance has increased leverage for institutional loans to 5x while facing reports of a potential exit by its chief compliance officer.Summary
Binance has enhanced its institutional loan product by raising the maximum leverage from 4x to 5x and lowering the entry threshold for VIP clients. The exchange also introduced fixed-rate loan options to provide more flexibility. Concurrently, reports indicate that Chief Compliance Officer Noah Perlman is considering leaving the firm. This potential leadership change occurs as Binance navigates high personnel turnover within its compliance department following its significant 2023 settlement with U.S. authorities.
(Source：BeInCrypto)