On the leading exchanges, Bitfinex is now introducing the ability to distribute credits such as Bitcoin and Ethereum through its sub-unit, the loan-lending platform Bitfinex Borrow.
There are several options for investors who want to borrow money in Bitcoin (BTC) and Ethereum (ETH). It can borrow in US dollars (USD), Euro (EUR) and Japanese Yen (JPY). In addition, investors have the opportunity to borrow in the form of Tether (USDT) stablecoin, which is integrated into the US dollar.
The platform, which makes borrowings in different ways, pays 80% Bitcoin for dollars, Euros and Stabilkoin, while things change in Japanese yen and it provides 70% credit as much as it deposits.
Apart from that, there is a US dollar borrowing for Ethereum. Up to 70% of the invested asset is provided with credit.
Although the annual interest rates are discussed by customers a lot, there are also those who think they are in optimistic numbers. Transactions are processed at 4.16% annual interest for Bitcoin and 1.13% for Ethereum. The platform, which was launched last month, has gained a very good upward momentum.