BitTrade Expands Crypto Lending Portfolio
BitTrade, a centralized Japanese cryptocurrency exchange, has recently added XRP and Shiba Inu (SHIB) to its crypto lending platform. This move comes in response to the increasing demand from borrowers and offers users a wider range of lending assets. Now, users can utilize their XRP and SHIB holdings to earn interest through BitTrade’s lending programs.
Lending Details for XRP and Shiba Inu
BitTrade has provided specific information about the lending process for XRP and Shiba Inu tokens. The lending period is set at 90 days with an annual percentage yield of 2%. However, there are certain conditions and limits for each token.
For XRP lending, users can apply to lend a minimum of 100 XRP and a maximum of 500,000 XRP. The total recruitment quantity is limited to 500,000 XRP, and there is a lending fee rate of approximately 0.49%.
Similarly, for Shiba Inu lending, the minimum application quantity is 10,000,000 SHIB, while the maximum amount is 10,000,000,000 SHIB. The total recruitment quantity is capped at 10,000,000,000 SHIB with a lending fee of 0.49%.
Crypto Lending Application Conditions
In addition to outlining the lending processes and requirements, BitTrade has highlighted several application conditions and cautions for lenders. The recruitment process will end once the total cap for lenders is reached. Individual contracts for lending services are not allowed. Creditors do not receive preferential payment treatment. Users should also be aware that there is a possibility of not recovering lent assets in case of bankruptcy.
Hot Take: BitTrade Expands Lending Options with XRP and Shiba Inu
BitTrade’s decision to add XRP and Shiba Inu to its crypto lending platform provides users with more opportunities to earn interest on their holdings. By expanding their lending portfolio, BitTrade is catering to the growing demand from borrowers and offering a wider range of assets for users to leverage. This move aligns with the evolving crypto landscape and showcases BitTrade’s commitment to providing innovative financial services.
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