7th January, 2020, Singapore – Digital assets trading firm BiKi.com has been launching leverage and staking, amongst other financial products on its platform. The latest product on offering is digital asset lending, another strategic step the exchange is taking towards becoming a financial center in the blockchain industry.
Mirroring elements of traditional finance where loans can be obtained by mortgaging real estate, cars or stocks (securities), digital asset lending replaces securities with sought-after digital assets such as Bitcoin and Ethereum, to be used as collateral for loans.
According to data compiled since July 2010, Bloomberg analysts have declared Bitcoin the decade’s best-performing asset with posted gains of more than 9 Million %. In the past year alone, the cryptocurrency has managed to rebound from its low of USD 3,700 with a cumulative increase of more than 200%, becoming the de facto darling of the capital markets.
Concurrently, the development of the crypto industry has also spawned new financial services for crypto assets. Especially during a market downturn, financial services can prove to be essential investment tools.
Cryptocurrency blockchain Introducing BiKi Fast Loan
The BiKi Fast Loan is a service where you can pledge your digital currencies such as BTC, ETH and other popular currencies as collateral for USDT.
This will come as welcome news for digital currency investors who might lack liquidity but do not want to miss out on a BTC skyrocketing moment that a Bitcoin halving or potential bull runs might trigger.
Cryptocurrency blockchain Core Advantages of BiKi Fast Loan
- Multi-currency Pledging
BiKi Fast Loan currently only supports choice of pledge in BTC, ETH and EOS, with more currencies to be launched in the future.
- Simple and Convenient Lending Process
– Select the type of pledge currency and enter the amount of USDT to be loaned.
– The system will auto-calculate the pledge amount required.
– BiKi Fast Loan works 24-7 and loans can be received within seconds.
– Pledged assets will be released upon full repayment of the USDT borrowed.
- Lowest Interest Rates
Interest rate is calculated daily at 0.04%. So how low is this interest rate? Suppose you borrowed 10,000 USDT, it would work out to just 4 USDT per day. With the impending halving of Bitcoin and the rise in value of the collateral currency, you might even see an increase in value when you redeem your assets.
- Interest-free Fast Loan
In line with BiKi’s mindset to “Let Users Benefit”, by shifting some of the gains from exchange to users, and to celebrate the launch of BiKi Lending, the community-oriented exchange has organized a “30 Million USDT Interest-free Loan”.
- Safe and Reliable
Fund security is of utmost importance to every user and is also a top priority for BiKi. BiKi’s transaction mechanism operates with high-level security and BiKi uses a completely offline multi-sig to store private keys.
Cryptocurrency blockchain Blockchain Financial Center
Presently, the size of the digital asset lending market is huge. The market value of Bitcoin has reached USD 143.35 billion and the size of the bitcoin lending market has been estimated to be about USD 14.3 billion. With about 60 million cryptocurrency holders worldwide, the digital currency lending market has huge potential for development. Major exchanges entering the digital asset lending market has also seen the arena becoming increasingly competitive.
In the future, BiKi.com will integrate wealth management into the lending segment to further enrich the functions of lending products to accommodate more user needs. BiKi is committed to becoming the most comprehensive lending platform in the industry. Its initiatives here and elsewhere can be seen as a reflection of its financial ambitions – to be a major financial center in the blockchain industry.
BiKi founder Winter has mentioned in an interview that “2020 will be the year blockchain develops around financial infrastructures – the year of decentralized finance (DeFi).”
Crypto-asset financial services will definitely be a strategic direction for BiKi’s future development.
Cryptocurrency blockchain About BiKi.com
Headquartered in Singapore, BiKi.com is a global cryptocurrency exchange ranked Top 20 on CoinMarketCap. BiKi.com provides a digital assets platform for trading more than 150 cryptocurrencies and 280 trading pairs. BiKi.com is focused on providing the safest, most stable and most effective cryptocurrency trading platform. 100% of the transaction fees are used in buyback and burning of platform token, BIKI. Since its official opening in August 2018, BiKi.com is considered one of the fastest-growing cryptocurrency exchanges in the world with an accumulated 2 million registered users, 130,000 daily active users, over 2,000 community partners and 200,000 community members. BiKi.com has received investments from Huobi co-founder Du Jun, Genesis Capital Zhu Huai Yang, FBG Capital, ChainUP and others totaling approximately 10 million USD.
Chang Jie Lin, BiKi.com
Cecilia Wong, yourPRstrategist.com
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Last modified: January 7, 2020 5:22 PM UTC