ZebPay, being one of the oldest crypto companies in India has recently made an announcement regarding the launch of a new lending platform for crypto exchange. As revealed by the company, the platform is a first-of-its-kind crypto lending model in the country and will be allowing the users to lend their crypto assets to ZebPay earning interest on the same.
Talking about the returns, it will be dependent on the token in question and its value during a specific period and for how long it has been loaned.
In addition to this, the company addressed the opportunity of earning a passive income and said:
At the launch of the platform, the lending feature will only be assisting Bitcoin, Ethereum, Dai, and Tether tokens.
Moreover, discussing the return generation in the statement, the company said:
Avinash Shekhar, the Co-CEO of ZebPay addressed the opportunity they will be providing the users with the opportunity to grow their investments further and said:
In the past few weeks, the crypto exchanges in India have faced a lot of problems and issues that arose after informal guidance from the RBI this month.