Summary:
Founded in 1999, SBI Group is a financial services company based in Tokyo, Japan. Apart from offering numerous traditional financial services, the SoftBank Group subsidiary announced today a new cryptocurrency-related endeavor.SBI Group has introduced a digital asset lending service through its cryptocurrency arm – SBI VC Trade.The statement informed that the platform, dubbed VC Trade Lending, will initially support only Bitcoin. However, plans include adding support for Ether (ETH), Ripple (XRP), and more cryptocurrency assets. Clients’ deposits can vary from a minimum of 0.1 BTC to a maximum of 5 BTC. After lending their bitcoin holdings on the platform, the customers will earn an interest rate of 1% with taxes included.The announcement further explained that VC Trade Lending will charge
Topics:
Jordan Lyanchev considers the following as important: AA News, BTCEUR, BTCGBP, btcusd, btcusdt, ETHBTC, ethusd, japan, xrpbtc, xrpusd
This could be interesting, too:
Founded in 1999, SBI Group is a financial services company based in Tokyo, Japan. Apart from offering numerous traditional financial services, the SoftBank Group subsidiary announced today a new cryptocurrency-related endeavor.SBI Group has introduced a digital asset lending service through its cryptocurrency arm – SBI VC Trade.The statement informed that the platform, dubbed VC Trade Lending, will initially support only Bitcoin. However, plans include adding support for Ether (ETH), Ripple (XRP), and more cryptocurrency assets. Clients’ deposits can vary from a minimum of 0.1 BTC to a maximum of 5 BTC. After lending their bitcoin holdings on the platform, the customers will earn an interest rate of 1% with taxes included.The announcement further explained that VC Trade Lending will charge
Topics:
Jordan Lyanchev considers the following as important: AA News, BTCEUR, BTCGBP, btcusd, btcusdt, ETHBTC, ethusd, japan, xrpbtc, xrpusd
This could be interesting, too:
Andrew Throuvalas writes BitcoinOS Posts “Game-Changing” Whitepaper To Get Rollups On Bitcoin
Wayne Jones writes This Was CZ’s Biggest Mistake, According to Binance Co-Founder He Yi
Andrew Throuvalas writes SEC Likely To Deny Ethereum Spot ETFs In May: Reuters
Mandy Williams writes Here’s a List of Bitcoin (BTC) Price Pullbacks Since the Bear Market Bottom
- Founded in 1999, SBI Group is a financial services company based in Tokyo, Japan. Apart from offering numerous traditional financial services, the SoftBank Group subsidiary announced today a new cryptocurrency-related endeavor.
- SBI Group has introduced a digital asset lending service through its cryptocurrency arm – SBI VC Trade.
- The statement informed that the platform, dubbed VC Trade Lending, will initially support only Bitcoin. However, plans include adding support for Ether (ETH), Ripple (XRP), and more cryptocurrency assets.
- Clients’ deposits can vary from a minimum of 0.1 BTC to a maximum of 5 BTC. After lending their bitcoin holdings on the platform, the customers will earn an interest rate of 1% with taxes included.
- The announcement further explained that VC Trade Lending will charge fees only for withdrawals in the Japanese yen. Cryptocurrency and yen deposits, as well as account management or annual memberships, will not be subject to fees.
- It’s worth noting that SBI Group has been involved with other cryptocurrency-related projects before. A few years ago, the financial giant launched Japan’s first bank-backed cryptocurrency exchange. More recently, SBI Group hired two professional e-sports players and paid them in XRP.