BitTrade commences regular recruitment for XRP and SHIB lending
According to BitTrade, one of Japan’s top cryptocurrency exchanges, they have begun regular recruitment for the lending of two cryptocurrencies, XRP and SHIB. The company plans to start regular recruitment for crypto assets for renting these two tokens.
Stock Recruitment Overview
BitTrade gave details about the lending of XRP and SHIB. The loan period for XRP is 90 days with an annual rate of 2%, and the minimum application quantity is set at 100 XRP, with a maximum of 500,000 XRP. For SHIB, the loan period is also 90 days at an annual rate of 2%, with a minimum application quantity of 10 million SHIB and a maximum of 10 billion SHIB. The rental fee rate for both tokens, taking into account respective rental periods, is approximately 0.49%. Users can apply after simulating the lending fee they receive via crypto asset lending simulators.
XRP and SHIB Price Report
The XRP price fell by 2% over the past twenty-four hours, reaching $0.6114 today and has decreased by 6.05% over the past week. However, the twenty-four-hour trading volume increased by 5.80%, totaling $1.25 billion.
SHIB has witnessed a slight decrease of 3.83% over the past twenty-four hours, reaching $0.00000832 today, and a downfall of 1.17% over the past week. The twenty-four-hour trading volume surged by 27.54%, reaching $144.60 million. This SHIB price slump appears to come contrary to the Shiba community’s constant efforts to jack up the SHIB tokenomics. The community has been constantly burning SHIB tokens with hopes of reviving the cryptocurrency.
Hot Take
BitTrade has recently announced regular recruitment for the lending of two cryptocurrencies: XRP and SHIB. This decision could significantly impact the crypto lending landscape in Japan. Despite these developments, the prices of XRP and SHIB have seen a marginal fall, contrary to the efforts of their respective communities to boost the tokens.
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