Binance has expanded its institutional lending product with higher leverage, more accessibility, and fixed interest rate options, while the Chief Compliance Officer (CCO) is reportedly considering leaving.

The update increases the maximum leverage limit from 4x to 5x for all allowed risk groups. Customers who are Know Your Business (KYB) verified and have VIP 1 or higher are now eligible. Previously, this applied only from VIP 5.

What has changed in the lending terms at Binance

The initial loan-to-value (LTV) ratios have been increased from 75% to 80%. The transfer-out LTV is now 83%. The margin deposit and liquidation thresholds remain at 85% and 90%, respectively.

Binance has also introduced fixed loan terms of 30, 60, and 90 days. At the end of the term, any unpaid amounts will be transferred to the applicable variable interest rate.

Co-CEO Richard Teng has promoted the adjustments and states that the platform further raises standards for institutional clients.

The Binance VIP account confirmed that existing customers have been automatically upgraded.

Compliance leadership under pressure

Meanwhile, Chief Compliance Officer Noah Perlman is reportedly in talks about a possible departure from the company.

According to a Bloomberg report, Binance has stated that there is no definitive departure date for Perlman and that no successor has been appointed.

Other senior compliance staff have also left, including personnel dealing with sanctions, investigations, and oversight of financial crimes.

Perlman joined Binance in 2023 after the $4.3 billion settlement with U.S. authorities.

The company states that the number of compliance staff has increased by more than 30% from January 2023 to June 2025, and exposure to illegal activities has decreased by 97%.

Whether Binance can maintain these improvements with so much staff turnover will likely determine how regulators assess the exchange's compliance trajectory in the coming months.