Japanese financial giant SBI debuts Bitcoin lending service

Cointelegraph

Published Nov 24, 2020 03:03AM ET

Updated Nov 24, 2020 04:40AM ET

Japanese financial giant SBI Group is introducing a cryptocurrency lending service through its crypto-related subsidiary, SBI VC Trade.

According to an official announcement on Nov. 24, the new crypto lending platform will allow users to lend their crypto to SBI and earn interest at a rate of 1% with taxes included.

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