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…