Crypto Lending Boom: Bybit Joins Binance and KuCoin, Promises High Returns & Risks

Dubai-based crypto exchange Bybit joins Binance and KuCoin in offering crypto lending services, enabling users to earn passive interest income on idle cryptocurrency assets. Deposited crypto is lent to borrowers, with lenders receiving up to 16.46% hourly interest payments. The service aims to provide opportunities for generating returns and advanced trading options on the exchange.

ByBit’s Crypto Lending Service: Returns vs Regulatory Scrutiny in the Evolving Market

Cryptocurrency exchange ByBit launches an in-house lending service, enabling users to deposit crypto and receive interest payouts without lock-up periods. The platform faces regulatory scrutiny as it joins other major exchanges like Binance and KuCoin, balancing innovation with legal requirements to provide lending features without compromising safety and compliance.