ZebPay to Launch a New Lending Platform for Crypto Exchange in India

Sahaj  |  May 28, 2021

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.

ZebPay Launches Crypto Lending Model in India

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:

“The ZebPay Lending Platform generates returns on users’ crypto investments if they lend select cryptos thus, providing an opportunity to earn a passive income by adding on to the returns gained from rising in crypto prices.” 

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:

“Depending on the term of deposit, users will be able to generate returns of up to 3% on their Bitcoin (BTC), up to 7% on Ethereum (ETH) and Dai (DaI), and up to 12% on Tether (USDT).”

Crypto Holdings Will do all the work

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:

“We have always believed that crypto will enable a multi-fold increase to investors’ wealth. With the launch of the ZebPay Lending Platform, we want to give users the opportunity to grow their investments further, by making their existing crypto holdings do all the work.”

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.

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