The Tokyo financial giant is launching a cryptocurrency lending service through its subsidiary

The Tokyo financial giant is launching a cryptocurrency lending service through its subsidiary

SBI Group announces the official launch of the VC TRADE LENDING service for the rental of cryptocurrencies.


24 Nov 2020 , 12:22 @ Matey Salt

The Tokyo financial giant is launching a cryptocurrency lending service through its subsidiary

SBI Group announces the official launch of the VC TRADE LENDING service for the lending of cryptocurrencies.
Tokyo

Today’s official announcement from SBI Group states that this service will be performed under the auspices of the subsidiary SBI VC Trade Co., Ltd., led by CEO Yoshitaka Kitao.

The service called VC TRADE LENDING will from now allow all customers to lease their crypto assets where a fee will be charged according to the loan period and quantity.

SBI VC Trade assures everyone that one of the main functions is high reliability, also thanks to the fact that companies of the SBI group, which is proud of its high reliability, are also involved in crypto loans.

If you are interested in specific conditions, SBI VC Trade has started with a crypto loan service only for Bitcoin, which has a set annual rate of 1.0% (including tax). The loan period is 84 days and the minimum loan amount is 0.1 BTC. The maximum amount you can borrow is 5 BTC.

The SBI also assures everyone that it is already preparing to expand services with other cryptocurrencies such as XRP, ETH and others.

Read also: SBI Holdings brings the first Crypto CFD trading to Japan

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