Zebpay introduces made-in-India Matic token on its lending platform

Cryptocurrency exchange Zebpay on Thursday announced that it has introduced Matic token on its lending platform, where investors earn fixed deposit-like returns on their crypto holdings.

The service was launched last month under which investors lend their coins to the exchange, on which they can earn returns, depending on the token and the time period it is loaned for. The exchange had started off the facility with bitcoin (BTC), ether (ETH), tether (USDT) and dai (DAI). Binance coin (BSC), which is the cryptocurrency issued by Binance exchange, was added later.

Depending on the term of deposits, users can generate an annualized yield of up to 3% on bitcoin, up to 7% on ether, up to 7% on dai, up to 9% on Binance Coin and up to 12% on tether.