BitTrade Expands Crypto Lending Portfolio with XRP and Shiba Inu Tokens

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BitTrade, a centralized Japanese cryptocurrency exchange, has expanded its crypto lending platform by adding two new cryptocurrencies, XRP and Shiba Inu (SHIB). This decision was made to meet the growing demand from borrowers and provide users with a wider range of lending assets. Users can now leverage their XRP and SHIB holdings to earn interest through BitTrade’s lending programs. The lending period for both XRP and SHIB is set at 90 days, with an annual percentage yield of 2%. However, there are certain conditions and limits for each cryptocurrency. For XRP, users can apply a minimum of 100 XRP and a maximum of 500,000 XRP, with a lending fee rate of approximately 0.49%. Similarly, for SHIB, the minimum application quantity is 10,000,000 SHIB, and the maximum is 10,000,000,000 SHIB, with a lending fee of 0.49%. BitTrade has also outlined application conditions and cautions, including the fact that the recruitment process for lenders will end once the total cap is reached and that creditors may not recover their lent assets in the event of bankruptcy.

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