Binance Excludes PEPE from its Flexible Loan Service, Indicating Trust Issues

Binance, the world’s largest cryptocurrency exchange, recently announced it would be removing Pepe (PEPE) from the list of borrowable assets on its Flexible Loans platform. This decision has been interpreted as an indication that Pepe is not meeting the high-quality and reliability standards expected by Binance for its users. Removal of PEPE from Binance’s Loan List In Binance’s announcement, it was specified that Pepe would be removed from the list of borrowable assets on the Flexible Loans platform, and the decision would be effective from 11:00 AM on June 21st. From the stated date, users will no longer be able to borrow in PEPE using the cryptocurrency exchange’s service. Binance advised users to repay any outstanding PEPE loans before the deadline to avoid possible liquidation. In the event of a liquidation, a 2% liquidation fee will be charged. Currently, Binance‘s Flexible Loans only support repayments in the same cryptocurrency borrowed […] The post Binance Excludes PEPE from its Flexible Loan Service, Indicating Trust Issues appeared first on COINTURK NEWS.