What Are The Major Crypto Lending Platforms Operating In India? – NDTV Profit

What Are The Major Crypto Lending Platforms Operating In India? – NDTV Profit

What Are The Major Crypto Lending Platforms Operating In India?

The crypto lending platforms may charge you a fee for availing their services

As the returns from investing in stocks depleted, primarily due to the disruption caused by the COVID-19 pandemic, cryptocurrency gained wide acceptability among investors. Both individual and amateur investors flocked to the industry that promised decent returns even amid the economic slump that made many nervous. While cryptocurrency supporters say it offers a great opportunity to grow wealth rapidly, critics cite its extreme volatility. Even as the debate continues, this industry has grown multi-fold over the past two years. And it is still innovating and adding new features. One of them is crypto lending.

What is crypto lending?

Crypto lending is a pretty new segment. It allows traders to obtain cash by utilising their crypto holdings as security, without having to sell their coins. Individuals may secure loans against their crypto assets, expecting the value of the assets to increase during the period of the loan. The aim of this type of investment is to allow those with cryptocurrency assets to generate some dividends by lending out part of their assets. Lending is usually available via crypto lending platforms.

What is a crypto lending platform?

It is an online platform that allows you to lend your cryptocoins in exchange for an interest. These platforms are used by two parties. One of
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