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Top Crypto Lending Platforms

Top Crypto Lending Platforms Fancy earning crypto while you sleep? Crypto lending might be for you. There are a number of services by which you can offer over-collateralized loans to people. So they have to put up more collateral than the value of the loan, giving you a large margin of safety. So the most important thing is to find a platform that you can trust to manage the loans. We’ve listed our favourites right here. Let’s dig into it. How does crypto lending work? Centralized crypto lending platforms operate similar to the traditional banking system. These platforms decide who…

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CRED Crypto Lending Platform Joins Visa’s Fast Track Program

The CRED crypto lending platform has just joined Visa’s Fast Track program and now aims to leverage Visa’s experience to enhance its services so let’s find out more in our blockchain latest news today. The CRED crypto lending platform announced today that it had joined Visa’s fast track program and now plans to leverage a few of the VISA features to facilitate lending and borrowing of digital assets across the world. The San Francisco-based company announced today the latest milestone in a press release and according to it, just before it joined the Visa program, CRED will speed up the…

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Bitcoin.com and Cred Join Hands Over Crypto Lending

The Bitcoin.com wallet is joining hands with a lending platform known as Cred. Now, holders of both bitcoin and bitcoin cash can lend out their stashes and gain interest, some of which can be garnered through a wide variety of cryptocurrencies including stable coins. Bitcoin.com Is a Powerful Friend of Cred The crypto space is seeing a wide variety of new lending programs that allow people to lend out what they own to other individuals. From there, they can gain interest on the money granted the funds are not paid back right away. It’s a quick and easy way to…

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Coinbase to Offer Bitcoin-Based Cash Loans of up to $20,000 Across 17 US States

U.S. crypto exchange Coinbase will start offering bitcoin-backed cash loans to select customers as early as next month. Investors can borrow up to 30% of the bitcoin they hold on the exchange, or a maximum $20,000, it said. In a blog post on August 13, Coinbase unveiled its new crypto lending business, which places it into competition with the likes of Nexo and Blockfi. The service charges an annualized interest rate of 8% for borrows that are one year or less. Coinbase said interested customers can get cash in their accounts in two to three days with just a few…

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Coinbase to Introduce Lending Feature with Bitcoin as Collateral

Coinbase and Square become the latest platforms to venture into the ever-growing crypto lending space. Coinbase revealed a new loan feature that would enable users to borrow cash with Bitcoin as collateral. Coinbase Cash Loans with Bitcoin Collateral In a blog post published on Wednesday (August 13, 2020), Coinbase, a major U.S. cryptocurrency exchange announcedRead MoreRead More. The post by Anthonia Isichei appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Rise in Ethereum DeFi Tokens Leads to Increasing Crypto Lending Volumes

Crypto lending has become the latest trend in the digital currency sector. In a recent report published on Tuesday, lending firm Genesis said that it witnessed record volumes in 2020, thanks to interest in DeFi. DeFi market responsible for the rise According to Genesis, this rise in trading volume could be because of the increase in the DeFi market which has surged. Another important reason behind the rise is the increasing institutional demand for cryptocurrencies. The firm’s lending business added $2.2 billion in originations during the second quarter of 2020. This will mark the largest quarter ever for the firm…

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Genesis Reports Q2 Crypto Loans Spiked 118% to $1.4 Billion Amid Rising Yield Farming Interest

Genesis Capital said Tuesday that its total number of loans outstanding more than doubled to $1.4 billion for the second quarter to June, up from $649 million three months earlier. The crypto lender, which targets institutional investors and wealthy individuals, added over $2.2 billion in new originations, an increase of 324% year-on-year. Since the launch of the business in March 2018, Genesis has originated nearly $8.4 billion in loans, the bulk of which are denominated in bitcoin (BTC) and cash. For the review quarter, BTC loans increased, accounting for 51% of the loan book total and fiat 32%. Cash-based loans…

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