BingX introduces a new Loan feature, allowing users to leverage their crypto holdings like BTC, ETH, and USDT for short-term liquidity. Borrow without selling just pledge your assets and pay interest. This feature will really help greatly especially in volatile markets like altcoins one could get access to funds easy and trade. What do you think about this feature?
Well, that is only applicable to traders on the BingX platform who have large balances in their exchanges, and for sure, those who have small funds on their platform cannot.
Also, it's not good to take a loan there in any exchange.
Unless you have a large fund and other resources, you can do it. Because that's what other people who work long-term are doing, in my opinion.