811ca2de5cb343ecac3c7a529f87f414.jpeg

Japanese Exchange Expands Crypto Lending to XRP and SHIB

Cryptocurrency trading hub BitTrade, based in Japan, reveals an expansion in its lending program, now accommodating the native token of the XRP Ledger, XRP, and the meme-inspired Shiba Inu (SHIB).

Users can opt for a 90-day lending period, earning a 2% annual percentage yield on the lent tokens.

For XRP, a minimum of 100 tokens is required, with the lending cap set at 500,000 XRP. SHIB enthusiasts need to lend a minimum of 10 million tokens, with the maximum lending limit capped at 10 billion tokens.

To engage in XRP lending, users need a minimum of 100 XRP, up to a maximum cap of 500,000 XRP.

SHIB holders looking to earn interest must commit a minimum of 10 million tokens, with the maximum lending limit capped at 10 billion tokens.

Both lending options offer a 2% annual percentage yield over a 90-day period.

BitTrade recently integrated support for the market’s leading meme-inspired cryptocurrencies, Dogecoin (DOGE) and Shiba Inu (SHIB), broadening its array to 34 digital assets.

This move follows the unveiling of ambitious plans for 2024 and 2025 by Shiba Inu’s marketing team, resulting in a substantial 14,380% surge in SHIB’s burn rate over 24 hours. Notably, a SHIB whale recently transferred over 4.4 trillion tokens, worth more than $35 million, to an unidentified wallet.

While SHIB experiences heightened activity, XRP has garnered attention with a forecast of an imminent “mega pump” according to a cryptocurrency analyst utilising technical analysis for the prediction.

The dynamics of both tokens in BitTrade’s lending program contribute to the evolving landscape of cryptocurrency investment opportunities.

* Original content written by Coinlive. Coinbold is licensed to distribute this content by Coinlive.