Cryptocurrency start-ups dangle high yields to tap digital token holders’ idle assets

//Cryptocurrency start-ups dangle high yields to tap digital token holders’ idle assets

Cryptocurrency start-ups dangle high yields to tap digital token holders’ idle assets

An increasing number of start-ups in Hong Kong are offering cryptocurrency-lending services, claiming to provide high returns. However, as regulations on such blockchain-based decentralised finance (DeFi) are unclear, industry observers are urging clarity to protect investors.Cryptocurrency exchange Gemini last week rolled out an interest-earning programme, Gemini Earn, which enables its customers to receive an annualised yield of up to 8.05 per cent by lending out their digital tokens to third…

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By | 2021-10-28T00:30:20+00:00 October 28th, 2021|Business|Comments Off on Cryptocurrency start-ups dangle high yields to tap digital token holders’ idle assets