Blockfi Launches High-Interest Crypto Lending Program in India – Bitcoin News

  • US-based Blockfi has expanded into India, offering a high rate on its interest-bearing account for two cryptocurrencies.
  • In comparison, local Indian crypto exchange Coindcx launched a lending program on March 21 that lets users earn up to 2% interest monthly, as news.
  • While Blockfi offers an annual interest rate of 6.2% on BTC, Gupta claims that his exchange offers 24% and requires only 0.01 BTC or 0.01 ETH minimum deposit to earn interest versus Blockfi’s 0.5 BTC and 25 ETH.
  • There are similar programs around the globe such as Ledgerx’s Ledgersavings program which currently offers an annualized implied rate of around 16% on BTC.
  • The post Blockfi Launches High-Interest Crypto Lending Program in India appeared first on Bitcoin News.

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