ZebPay sets up crypto-lending feature on its app

Mumbai: ZebPay has set up a crypto-lending platform that will allow users to lend their coins to the cryptocurrency exchange.

In the initial phase, the platform will accept limited tokens from users. Depending on the term of deposit, users can generate returns up to 3% on their Bitcoin, up to 7% on Ethereum and Dai and up to 12% on Tether.

ZebPay, which also operates exchanges in Australia and Singapore, is calling the crypto lending platform “a passive income by adding on to the returns gained from rise in crypto prices.”

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