Home ” General » Coinmarketcap publishes data on the crypto loan of Matthias Nemack October 19, 2019
Coinmarketcap broached the subject of crypto-loan.The data show that return opportunities vary considerably between operators.Crypto Lending: interest in analysis
As an analytics page, the CoinMarketCap platform is one of the most important points of contact for many cryptography fans around the world.If you want to take courses on Bitcoin, Ethereum and other tokens, you will often get data from there.
In the past, the platform had been criticized several times.
Part of these concerns concerned the alleged lack of transparency regarding information such as the market capitalization of cryptocurrencies.It was not until March that the platform itself confirmed false volumes of cryptographic exchanges.The company now wants to avoid such transparency problems in a more aggressive way elsewhere.For the encrypted lending industry, this currently means that the operator publishes a range of interest rates for different platforms.Interested parties can find out what returns they can currently obtain and when with a loan from Bitcoin and Co.
The lending sector becomes more and more important
Platforms are not just classics like Ripple (XRP).According to the company, interest rates currently range between 0.03% and 10% maximum.The evaluation focuses on the well known platforms Binance and BlockFi, on which the user can lend coins for speculation purposes.The details of the interest refer to developments occurring in the year and serve as the annual interest rate.According to Coinmarketcap, the total volume of sectoral loans exceeds $ 5 billion.
The market leaders are Celsius on the one hand and Genesis on the other.
Among other things, there are differences in the selection of loanable crypto-currencies.Binance Lending, for example, uses only three coins, which are lent for a maximum of two weeks.The extensions are apparently at work.Differences in the rental period and minimum requirements
The competitor Bitfinex provides NEO, ZEC and more than 30 other digital currencies as part of its margin funding.Of course, users can also lend bitcoins.The BlockFi provider was highlighted because the platform was specifically aimed at a loan expert.Several other portals have discovered rental as an additional pillar for themselves.The famous Stockbase Stock Exchange belongs, among others, to BlockFi financiers.
Coinmarketcap’s data confirm one thing above all else: even though the maximum interest rates are not paid on all portals, the sector as a whole has finally posted impressive growth.
To compare returns, “lenders” need to pay attention not only to the interests themselves.The details regarding the rental period and the minimum rental amount must be compared.
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