SBI Group Launches Digital Assets Lending Service with Up to 20% Returns
SBI Group's subsidiary, SBI VC Trade, has launched a digital assets lending service. This allows users to deposit cryptocurrencies and earn interest based on the asset and duration of the lending agreement.
Service Details
- Users can lend assets like Bitcoin, XRP, Ethereum, and Shiba Inu.
- Annual interest rates vary; Polkadot offers up to 20% returns.
- The service began in November 2020 and expanded over time.
This expansion coincides with Japan's introduction of clearer regulatory frameworks for digital assets, aiming to create a safer environment for crypto operations.
Investor Trends in Crypto Lending
- Many businesses are exploring crypto lending as an alternative to active trading.
- It provides passive income without daily asset management.
- Services are accessible for both seasoned investors and beginners.
Recently, Copper also launched a blockchain-based lending platform aimed at enhancing transparency and risk management in the crypto lending market.