Diginex Launches Crypto Lending and Borrowing Services

Nasdaq-listed crypto exchange, Diginex (Nasdaq: EQOS) announced on Tuesday the expansion of its product suite with the addition of digital currency borrowing and lending services.

The new service came with the increasing institutional interest in digital currencies, along with the demand for crypto-backed loans. Diginex highlighted that its new service will allow hedge funds and institutional investors to earn an additional return from their cryptocurrency holdings.

Commenting on the development, Diginex Investment Products Head, Shane Edwards: “With interest rates at historic lows, there has never been a better time to offer crypto borrowing and lending. We are excited to unveil truly differentiated products with uniquely attractive risk-return characteristics, unmatched in the traditional marketplace.”

Crypto Lending Is Gaining Popularity

The service will allow Diginex customers to lend and earn interest on their Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term and Ethereum holdings. Additionally, it will allow customers to borrow against the crypto holdings.

The borrowing and lending services followed the crypto exchange’s listing on the US stock exchange in October, thus becoming the first crypto exchange on Nasdaq.

The addition of the latest services indicates Diginex’s ambition of becoming a crypto-focused financial services company. Further, it offers custodian services and launched warm wallet Helios, a hot wallet with the security features of a cold wallet.

“Borrowing and Lending provides yield to this asset class and a necessary hedge for derivative and Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term traders as we continue to expedite the growth of crypto derivatives. We look forward to completing the integration of this institutional-grade technology,” Diginex CEO, Richard Byworth added.

Meanwhile, other major financial companies with tier toes into crypto are starting digital currency-backed lending services. Most recently Japan’s SBI Holdings launched Bitcoin lending services while the digital asset arm of Fidelity is also thinking of the same.