BitTrade has introduced lending services for XRP and Shiba Inu, offering crypto investors a new avenue to earn interest on their holdings. This move is part of the platform's broader strategy to diversify its offerings, which now include 34 different assets. The lending terms are set at a 90-day duration with an annual interest rate of 2%. Investors can lend amounts ranging from 100 to 500,000 XRP or from 10 million to 10 billion SHIB. Alongside this launch, BitTrade is also promoting the inclusion of Shiba Inu through various targeted campaigns.
In related developments, Credefi Finance has made strides in bridging traditional finance with the crypto world by integrating with the XRP Ledger. This integration allows the use of Gatehub EUR, USD, and Bitstamp EUR stablecoins to facilitate funding options for SME borrowers in the EU. By leveraging cryptocurrency lenders, Credefi aims to address the financing gap within the European Union.
The crypto market itself is experiencing fluctuations with XRP falling to $0.6114 after a daily decline of 2% and Shiba Inu dropping to $0.00000832. Despite the price drops, trading volumes have shown significant activity with XRP's volume increasing by almost 6% and SHIB's surging by 27% over the last day. The Shiba community's efforts in token burns have been highlighted as a contributor to the heightened trading volumes.
Investors interested in BitTrade's lending services can use the platform's lending simulators to calculate potential fees. These market activities occur alongside ongoing legal discussions in the cryptocurrency space, such as debates over Tether’s billion-dollar deposit and a challenge by a pro-XRP lawyer to Charles Hoskinson for clarification on ADA’s non-security status amidst regulatory scrutiny.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.