BitTrade, the Japanese cryptocurrency exchange, has shared an interesting announcement for XRP and Shiba Inu holders. In a tweet, BitTrade announced support for XRP and Shiba Inu loans.
BitTrade says it will begin lending to XRP and Shiba Inu starting today, November 21. A statement on its official blog reads: “Starting November 21, 2023, we will begin regular recruitment of cryptoassets for rent for Ripple/XRP (XRP) and Shiba Inu (SHIB).”
🎯 #貸暗号資産 定期募集スタート🐕
本日12:00より #貸暗号資産 2銘柄の定期募集を開始いたしました💪
人気銘柄のため募集総額に達し第終了となります.
ぜひお見逃しなく🐶https://t.co/avTZpo7VUc#BitTrade#貸して増やす#XRP#SHIB pic.twitter.com/1QF9IRwixF
– BitTrade（ビットトレード）公式 (@BitTrade_jp) November 21, 2023
According to the information shared in the blog post, the lending period for both XRP and SHIB is 90 days with an annual rate of 2%. In the case of XRP, the minimum amount that can be lent is 100 XRP and the maximum is 500,000 XRP.
While for SHIB, the minimum request is 10,000,000 SHIB, while the maximum is 10,000,000,000 SHIB.
Last month, BitTrade listed Shiba Inu alongside Dogecoin, bringing the total assets handled by the platform to 34. To commemorate the listing, BitTrade announced a promotion for cryptocurrency users.
XRP Ledger integrated by a crypto lending platform
Credefi Finance has integrated with XRP Ledger (XRPL), a positive development for the Layer-1 blockchain. Credefi is a financial technology company with a platform that offers P2P loans, trust loans and real-world collateralized assets.
Credefi closes the EU financial gap by connecting cryptocurrency lenders with SME borrowers. The integration would allow Credefi to use the Gatehub EUR, USD, and Bitstamp EUR stablecoins.
