Bitget Enters “Crypto Lending” Sector
Bitget, a well-known cryptocurrency exchange, has entered the “crypto lending” market with the introduction of its new product, Crypto Loans.
Bitget, the well-known cryptocurrency exchange, has decided to enter the “cryptocurrency lending” market as well, with the debut of its new product, Crypto Loans.
Bitget has established itself in the cryptocurrency market by providing both copy-trading and crypto-derivatives services, and it is now time to cater to the growing loan demand.
Indeed, the new business hopes to attract a new audience of customers who have been turned down by traditional lenders and are looking for alternative funding options through digital assets.
Bitget’s Crypto Loans use a dual-coin approach, allowing users to stake one coin as collateral for borrowing in another coin. Loans are issued at specific interest rates and based on collateral market value. The Global Market Insights report suggests that traditional loan users may soon adopt digital lending, making Bitget’s signature product a crucial role in this sector.
(With inputs from Shikha Singh)
You need to login in order to Like
