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Crypto lending offers high yields — but investors should beware the risks
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If you own some bitcoin, you may be tempted to hold on and hope for the best. That may take a while, since bitcoin and other cryptocurrencies have slipped into a bear market — bitcoin is off more than 28% from its record high, recently trading around $47,500.
But some owners of cryptos aren’t just banking on higher prices. They’re acting like bankers themselves, handing their holdings to lending companies and pocketing interest on loans. Lending bitcoin can generate annualised yields from 3% to
Read more on fnlondon.comAbout this in other media
Crypto Santa: Trader nets $34K shorting AVAX and LUNA, buy toys for kids cointelegraph.com /2 years ago
Russia to Ban Funds from Crypto Investment, Experts Warn of ‘Blurry’ Legal Status cryptonews.com /2 years ago
Zopa exits peer-to-peer lending to focus on banking theguardian.com /2 years ago
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