A subsidiary of Japan's SBI Group, SBI Trade, has launched a cryptocurrency lending service that allows customers to lock in Bitcoin and Bitcoin Cash for a period of time to earn interest. The exchange will aggregate these assets and facilitate lending. Meanwhile, investor Tim Draper compared Bitcoin to historic breakthrough technologies like electricity and the internet, stating that Bitcoin initially caused fear among people, but is now regarded by Wall Street as digital gold and a safe-haven asset.
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A subsidiary of Japan's SBI Group, SBI Trade, has launched a cryptocurrency lending service that allows customers to lock in Bitcoin and Bitcoin Cash for a period of time to earn interest. The exchange will aggregate these assets and facilitate lending. Meanwhile, investor Tim Draper compared Bitcoin to historic breakthrough technologies like electricity and the internet, stating that Bitcoin initially caused fear among people, but is now regarded by Wall Street as digital gold and a safe-haven asset.