During market downturns, financial services can prove to be essential investment tools. The launch of BiKi lending can be seen as another step the exchange is taking to position itself as a financial center in the blockchain industry.
DeFi is essentially just conventional financial tools built and operating on a blockchain. In lending, they replace securities such as real estate, cars or stocks with digital assets such as Bitcoin or Ethereum. These assets are then used as collateral to obtain loans.
Digital assets such as Bitcoin have been especially sought after. Bloomberg analysts recently declared the cryptocurrency the decade’s best-performing asset with posted gains of 9,000,000 %. In 2019, Bitcoin managed to rebound from its low of USD 3,700 with a cumulative increase of more than 200%.
BiKi Fast Loan
This service allows you to pledge digital currencies like BTC, ETH and other mainstream currencies as collateral for borrowing USDT.
With the Bitcoin halving coming in a few months, crypto investors are preparing for potential bull runs or bitcoin skyrocketing moments. Those who lack liquidity will find lending services handy.
1) Multi-currency Pledging
Currently only supports pledging in BTC, ETH and EOS, with other currencies to be announced in the future.
2) Simple and Convenient Lending Process
– Select type of pledge currency and enter amount of USDT to be loaned.
– System will auto-calculate pledge amount required.
– Works 24/7 and loans can be obtained in seconds.
– Collateral will be released upon full repayment of USDT borrowed.
3) Low Interest Rates
Interest rate is calculated daily at 0.04%. which works out to 4 USDT per day on a loan of 10,000 USDT.
4) Interest-free Fast Loan
To celebrate the launch of BiKi Fast Loan, BiKi is offering a “30 Million USDT Interest-free Loan”. This is in line with the community-oriented mindset of the exchange to “Let Users Benefit” by shifting some of the gains from exchange to users.
5) Safe and Reliable
Fund security is a top priority not only for every user but also for BiKi. BiKi uses high-level security for its transaction mechanism and also uses a cold storage multi-sig to store private keys.
Blockchain Financial Center
According to BiKi.com founder, Winter, “2020 will be the year blockchain develops around financial infrastructures – the year of decentralized finance (DeFi).”
The entire DeFi movement has been gaining momentum across the industry in recent months. In terms of Bitcoin lending, the estimated market is about USD 14.3 billion, calculated based on the market value of BTC which is currently about USD 143.35 billion. Factor in the 60 million crypto holders worldwide and we can see the huge potential the digital currency lending market holds.
Crypto-asset financial services is definitely a strategic direction for BiKi.com’s future development. BiKi has plans to integrate wealth management into the lending segment to further enrich lending products functions so as to accommodate more user needs. Committed to becoming the most comprehensive digital assets lending platform, BiKi’s initiatives here and elsewhere can be seen as a reflection of its ambitions – to be a major financial center in the blockchain financial industry.
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.
The post BiKi.com Launches Digital Asset Lending, Continues DeFi Initiatives appeared first on TechBullion.