Topic: Indian Exchange Launches Lending Program for 5 Cryptocurrencies - page 2. (Read 262 times)
To be honest I dont really like with lending feature on an exchange since Poloniex introduced it long time ago. Logically lending your coins = locking your coins on the exchange, means you can do anything with it just in case there is a big pump of the coin you lend. It is also the same as holding your coin in exchange for long term purpose which is something not recommended. The interest rate is not worth the risks imho.
It is good if it's done right but I'm just wondering about the 2% interest rate? Will that 2% interest rate be fixed from the date you made a loan or will that also be volatile?
E.g I lend 1BTC at the price of $100 then the price went $300 after a month will that also be covered by the 2% interest rate?
E.g I lend 1BTC at the price of $100 then the price went $300 after a month will that also be covered by the 2% interest rate?
Indian Crypto Exchange:
Coindcx
Launched Dcxlend lending Program's:
5 Lended Cryptos: BTC, USDT, ETH, XRP, and BNB.
An Indian crypto exchange has launched a program that allows its users to earn interest on their cryptocurrencies held at the exchange. Initially, users can lend BTC, USDT, BNB, XRP, and ETH. The CEO of the exchange has shared details about this new offering with news.Bitcoin.com.
The exchange’s website currently displays monthly interest rates of 2 percent for BTC, 1 percent for USDT, 1 percent for BNB, 0.75 percent for XRP, and 0.75 percent for ETH. CEO Sumit Gupta told news.Bitcoin.com that BTC has the highest interest rate “because our traders mostly do margin trading in BTC markets (hence high demand for BTC lenders).
Full Information and Source: https://news.bitcoin.com/indian-exchange-lending-program-cryptocurrencies/
I believe that something like this it will bring a wider range of Bitcoin and other crypto new users. Opening new doors and probabily a New price boom?
What you guys think about this new Coindcx approach with lending system? Good or Bad? What are you expectations? Tell us your perspective! (As im excited for these new approaches)
Coindcx
Launched Dcxlend lending Program's:
5 Lended Cryptos: BTC, USDT, ETH, XRP, and BNB.
An Indian crypto exchange has launched a program that allows its users to earn interest on their cryptocurrencies held at the exchange. Initially, users can lend BTC, USDT, BNB, XRP, and ETH. The CEO of the exchange has shared details about this new offering with news.Bitcoin.com.
The exchange’s website currently displays monthly interest rates of 2 percent for BTC, 1 percent for USDT, 1 percent for BNB, 0.75 percent for XRP, and 0.75 percent for ETH. CEO Sumit Gupta told news.Bitcoin.com that BTC has the highest interest rate “because our traders mostly do margin trading in BTC markets (hence high demand for BTC lenders).
Full Information and Source: https://news.bitcoin.com/indian-exchange-lending-program-cryptocurrencies/
I believe that something like this it will bring a wider range of Bitcoin and other crypto new users. Opening new doors and probabily a New price boom?
What you guys think about this new Coindcx approach with lending system? Good or Bad? What are you expectations? Tell us your perspective! (As im excited for these new approaches)
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