Post
Topic
Board Bitcoin Discussion
Re: Cryptocurrency Exchange In Japan Is Offering Bitcoin Loan
by
avikz
on 16/07/2018, 08:36:05 UTC
Japanese Cryptocurrency exchange Bitbank has made an announcement to commence BTC-USD, a Bitcoin borrowing program. The idea has been developed to engage more new customers along with enhancing additional foreign exchange.
https://www.owltmarket.com/cryptocurrency-exchange-in-japan-is-offering-bitcoin-loan/

So crpto exchanges are now thinking of working as a bank I see! I mean that's the basic methodology of a bank. Are they accepting deposits as well from the public or they are just lending the money they are earning from the exchange?? It is particularly good because it will help the adoption rate of bitcoin and increase the cash flow into the system. Which is really needed for the sustainability of bitcoin in long run.