OKCoin.com, the international arm of China’s OKCoin, has actually introduced a peer-to-peer (P2P) loaning system it says will enhance liquidity on its area market and offer low-risk interest returns for users prepared to loan their coins to traders.
It is the first time all OKCoin’s users around the globe will have the opportunity to access the loaning function. Traders can choose loans at their favored interest rates, and are offered 2.2 x to 3x take advantage of depending on their ‘VIP level’.
OKCoin has previously deployed the financing system on its Chinese OKCoin.cn website, and says there has actually been a waiting list for loans. It hopes P2P lending will, as well as develop USD area market liquidity, encourage yet more bitcoin trading on the currently high-volume exchange.Continue reading at