Have 1 BTC? Loan it out
One of Japan’s 16 full-licensed cryptocurrency exchanges, Bitbank offers eight cryptocurrency trading pairs and is ranked 31st in the world in terms of total daily traded volume.
The move comes on the bank of GMO’s cryptocurrency burrowing program, which the Japanese digital asset exchange launched in April 2018, making Bitbank the second exchange in the bitcoin-crazed country to do so.
As stated, the program shall burrow a user’s bitcoin for a minimum of 12 months, and payout interest dividends in proportion to lent capital.
Not anyone can rent out their bitcoin thou, as the exchange will oversee a month of “recruitment” for the program, conducting extensive personal and account checks upon interested users…