Bybit Offers Crypto Lending Services
Cryptocurrency exchange Bybit is the latest major platform to roll out an in-house cryptocurrency lending service for users.
The Dubai-based exchange announced the service’s launch on May 2, offering users who deposit cryptocurrency through the platform’s new offering interest payouts. The service promises hourly interest payments from lending pools, and lenders can deposit and redeem loaned cryptocurrency tokens with no lock-up periods.
Meanwhile, Bybit exchange borrowers can take out loans to access funds for various trading options on the platform. Borrowers must post collateral assets equal to or greater than the loan amount to protect lenders’ investments.
(With inputs from Shikha Singh)
You need to login in order to Like
