Minimum lending quantity
Maximum lending quantity
Annual rate 1.0% (tax included)
Meanwhile, SBI intends to add a formalized blockchain-based services like XRP, ETH, and more through the lending period as time flies. On the other hand, as crypto lending services have bankruptcy risk options on lenders, SBI Holdings confidently urges individual customers to direct their crypto lending destination activities to SBI Group companies to foster high reliability and anonymity.
Furthermore, according to the announcement, individual members are entitled to near-zero fees account management, annual membership fees, and Japanese yen deposit chargebacks.
Hence, there will be no fees when sending and receiving digital money for any asset classes.
However, users must pay a minimal fee to withdraw Japanese Yen.
Moreover, via the supply-demand balance lather on the lending services, crypto assets may suffer price fluctuations due to unexpected events and financial instruments market effects.
Collins Adane is a writer who follows the crypto industry closely. He loves fish stew and Real Madrid. He believes in cryptocurrency’s potential to transform the money landscape in his native country Ghana.