The hot topic on our agenda is a relatively new concept of the so-called crypto-lending: a type of crediting where a borrower uses his crypto-assets as a security provided to get a loan in fiat currency, while a creditor provides the assets for the loan under the interest rate mutually agreed on where a borrower uses fiat assets as a security for lending digital currencies.

The hot topic on our agenda is a relatively new concept of the so-called crypto-lending

This provides a whole bunch of incredible opportunities for the crypto market. Now the holders of cryptocurrencies can not only store, trade and exchange their digital assets, but also use it as a ticket to their big dreams and aspirations that require some specific kind of investment, as well as a startup that is capable of boosting their enterprise, particularly an innovative digital project. In 2018, a whole range of crypto-crediting platforms have been founded. There are two types of such platforms: centralized and decentralized ones.

Now the holders of cryptocurrencies can not only store, trade and exchange their digital assets

Centralized platforms operate according to the same principles as traditional financial companies including an option of using digital currencies. Which means, they comply with KYC requirements, have a security system protecting the assets storage and are capable of entering into partnership and contractual relationships with other institutions, i.e., entering into a credit contract / agreement. As a general rule, centralized platforms offer interest rates defined by a particular firm.

Centralized platforms operate according to the same principles as traditional financial companies

Decentralized platforms operate as a certain type of protocol that is available to literally anyone, 24/7. KYC is not required for this kind of platforms. The interest rates are subject to changes. They are defined by the balance of demand on & supply of particular assets. This may cause a considerable volatility in the interest rates, which sometimes may reach up to more than 30 percent.

Decentralized platforms operate as a certain type of protocol that is available to literally anyone, 24/7. KYC is not required for this kind of platforms

The liquidity is a key component of the crypto-crediting ecosystem. It is an aspect of significant importance in the system’s effectiveness. Cryptocurrencies may be a truly invaluable type of loan due to their liquidity, decentralization and independency. For instance, when dealing with mortgages, you would need to go through all circles of bureaucratic hell to borrow the funds and spend it on your needs, while crypto loan is a matter of a couple of minutes.

Besides, since the crypto market keeps growing exponentially, crypto-crediting ecosystems are highly likely to become the most significant part of financial breakthroughs opportunities in terms of multiplying the assets’ liquidity and output, as well as the income received from these assets.

In conclusion, crypto industry never stops to open new borders for digital currencies users and permanently keeps bringing a stunning variety of innovative financial opportunities available to everyone

In conclusion, crypto industry never stops to open new borders for digital currencies users and permanently keeps bringing a stunning variety of innovative financial opportunities available to everyone. BUYEX wishes everyone to take the most of it, get your business to an ultimate success and enjoy your illustrious crypto adventure. Stay safe & sane!