SBI Rolls Out Bitcoin Lending Service, Plans To Add Support For Ethereum And XRP

[rakitzogi]

SBI Rolls Out Bitcoin Lending Service, Plans To Add Support For Ethereum And XRP

The crypto-assets company SBI VC Trade has announced the commencement of its cryptocurrency lending service set to start today, November 24th, 2020.

The company, popularly called the Japanese financial giant continues to make new developments, consequently gaining massive recognition in the crypto industry.

The new service added to the company’s services dubbed ‘VC TRADE LENDING’ will allow customers who lend their crypto assets to the company to receive usage fees on the crypto loan granted.

Meanwhile, the usage fee offered to a customer will be determined by the quantity and period the loan persists. Hence, serving as a means of profit for customers while the company holds their assets for a given period.

Per the announcement made by SBI VC Trade, further elaboration on what the VC TRADE LENDING service entails was provided.

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