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Important XRP, SHIB Announcement Made by Japanese Crypto Exchange

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Tue, 21/11/2023 - 13:20
Important XRP, SHIB Announcement Made by Japanese Crypto Exchange
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Japanese crypto exchange BitTrade has shared an exciting announcement for XRP and Shiba Inu holders. In a tweet, BitTrade announced support for XRP and Shiba Inu lending.

BitTrade says it will commence XRP and Shiba Inu lending starting today, Nov. 21. A statement in its official blog post reads: "From November 21, 2023, we will begin regular recruitment for crypto assets for rent for Ripple/XRP (XRP) and Shiba Inu (SHIB)."

Per the information shared in the blog post, the loan period for both XRP and SHIB is 90 days with an annual rate of 2%. In the case of XRP, the minimum quantity that could be loaned is 100 XRP, and the maximum is 500,000 XRP.

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Whereas for SHIB, the minimum application is 10,000,000 SHIB, while the maximum is 10,000,000,000 SHIB.

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In the past 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 crypto users.

XRP Ledger integrated by crypto lending platform

Credefi Finance has integrated with XRP Ledger (XRPL), a positive development for the Layer-1 blockchain. Credefi is a fintech company with a platform that offers P2P lending, fiat borrowing and collateralized real-world assets.

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Credefi bridges the EU's financing gap by connecting crypto lenders with SME borrowers. The integration would allow Credefi to utilize Gatehub EUR, USD and Bitstamp EUR stablecoins. 

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