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Japanese Financial Services SBI Holdings Announces the Launch of a Cryptocurrency Lending Services

Kate Graham-Shaw

Summary: SBI Holdings, a major Japanese financial services, will start a cryptocurrency lending services, it was announced Tuesday. Users of the service will gain an annual interest rate of 1% on Bitcoin holdings. There are also plans to include other cryptocurrencies, such as Ethereum, in the future. The company will also not charge a deposit, account ...

SBI Holdings, a major Japanese financial services, will start a cryptocurrency lending services, it was announced Tuesday. Users of the service will gain an annual interest rate of 1% on Bitcoin holdings. There are also plans to include other cryptocurrencies, such as Ethereum, in the future.

The company will also not charge a deposit, account management or membership fees. However, withdrawals of Japanese Yen will incur a charge.

By Kate Graham-Shaw

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