{"id":22057,"date":"2023-07-04T16:50:12","date_gmt":"2023-07-04T16:50:12","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitget-debuts-in-lending-with-the-launch-of-crypto-loans\/"},"modified":"2023-07-04T16:50:12","modified_gmt":"2023-07-04T16:50:12","slug":"bitget-debuts-in-lending-with-the-launch-of-crypto-loans","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitget-debuts-in-lending-with-the-launch-of-crypto-loans\/","title":{"rendered":"Bitget debuts in lending with the launch of \u2018Crypto Loans\u2019"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/169650382_m_normal_none-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/169650382_m_normal_none-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/169650382_m_normal_none-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/169650382_m_normal_none-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Bitget launched its native \u201cCrypto Loans\u201d product on Tuesday.<\/li>\n<li>Digital lending is expected to advance at a CAGR of 20.5%.<\/li>\n<li>Singapore and Thailand have recently banned crypto lending.<\/li>\n<\/ul>\n<p>Bitget \u2013 a Seychelles-based digital assets trading platform launched \u201cCrypto Loans\u201d to debut in the lending space on Tuesday.<\/p>\n<h2>Here\u2019s what we know so far<\/h2>\n<p>Its new product will cater particularly to users that are not fully satisfied with the traditional credit institutions. According to Gracy Chen \u2013 the Managing Director of Bitget:<\/p>\n<blockquote>\n<p>Users now have the opportunity to stake less-demanded coins, enabling them to obtain loans in more liquid assets for investment purposes.<\/p>\n<\/blockquote>\n<p>Each loan, as per the <a href=\"https:\/\/www.bitget.com\/blog\/articles\/12560603794357\" target=\"_blank\" rel=\"noopener\">press release<\/a>, will be coupled with a specific interest rate. Bitget did not, however, reveal the cryptocurrencies that\u2019ll be eligible for Crypto Loans.<\/p>\n<p>The news arrives only days after Bitget formally entered Turkey with a new website as part of its commitment to expand globally (<a href=\"https:\/\/coinjournal.net\/news\/bitget-formally-enters-turkey-bitget-tr\/\">find out more<\/a>).<\/p>\n<h2>Digital lending is seeing strong demand<\/h2>\n<p>Digital lending is expected to grow at a compound annual rate of 20.5% between 2023 and 2032 after hitting the $8.5 billion mark last year which suggests strong demand. Chen also said today in the press release:<\/p>\n<blockquote>\n<p>Bitget\u2019s new product highlights flexibility of collateralized currency usage, enhancing capital utilization. Our flexible borrowing and repayment mechanism caters to needs of all users.<\/p>\n<\/blockquote>\n<p>The top crypto derivatives platform is entering the crypto lending sector at a time when multiple countries, including <a href=\"https:\/\/decrypt.co\/147091\/singapore-regulator-bans-crypto-exchanges-from-lending-staking-retail-investors\/\" target=\"_blank\" rel=\"noopener\">Singapore<\/a> and <a href=\"https:\/\/www.financemagnates.com\/cryptocurrency\/thailands-sec-bans-crypto-lending-demands-risk-warning-disclosure\/\" target=\"_blank\" rel=\"noopener\">Thailand<\/a>, have banned crypto companies from issuing loans.<\/p>\n<p>Bitget did not state in its press release whether the new service will be available in the United States.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/bitget-launches-crypto-loans\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Bitget launched its native \u201cCrypto Loans\u201d product on Tuesday. Digital lending is expected to advance at a CAGR of 20.5%. Singapore and Thailand have recently banned crypto lending. Bitget \u2013 a Seychelles-based digital assets trading platform launched \u201cCrypto Loans\u201d to debut in the [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":22058,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22057"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=22057"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22057\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/22058"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=22057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=22057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=22057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}