BitMart Exchange recently announced that their financial product, BitMart Lending Phase III, will be available at 8:00 AM EST on January 24th, 2020. Launching on Chinese New Year’s Eve implies that BitMart wants to bring luckiness and prosperity to global users.
Please Note: This is a Press Release
For any exchanges to be viable and make it as a leading exchange in the crypto market, it must be tailored to users and their needs.
In recent months, more and more users have wanted to have the option to invest in lending products since it provides a safer and more controlled return on investment. Therefore, BitMart has released a new financial product called “BitMart Lending”.
BitMart Lending is a financial product based on digital assets. Each project has its investment term and yield. It is entirely up to users to engage in this investment, and the assets and interest will be unlocked and distributed into users’ BitMart account on the redemption date.
About BitMart Lending Phase III
BitMart Lending Phase III will have a 2-day subscription period from 8:00 AM EST January 24th, 2020, to 8:00 AM EST January 26th, 2020. Each lending product has its total available volume, minimum & maximum subscription limits, and fixed annualized interest rate.
BitMart Lending Phase III offers two product types based on four digital assets with a flexible lock-up period and an annualized interest rate of up to 45%. Users can choose their preferred product that best fits their demands.
- 2 Product Types: Basic Lending & Premium Lending
- 4 Digital Assets: BTC, ETH, USDT, and BMX (BitMart’s native token)
- 3 Lock-Up Periods: 7 Days, 15 Days, 30 Days
For more information, please visit their website.
Why BitMart Lending Benefits?
BitMart Lending enables users to accumulate interest inadvertently of whether the market is going up or down. Investors’ security is guaranteed, and BitMart only cooperates with financial institutions that are mature and reputable.
Besides, it is also effortless to use! Users can see the estimated interest they will earn by the end of the subscription period before making a decision. A
fter users subscribe to the product, any digital assets involved will not disappear from their BitMart accounts. Instead, it will be marked as “locked assets”.
Once the product is fully mature in terms of its period, the principal will be unlocked, and interest will be automatically transferred in investors’ BitMart accounts.
With BitMart Lending, investors do not need to worry about the best time to get in/out of the market, nor to worry about gain or loss. All they need to do is to choose the best-fit product to participate and wait for the marked date to receive profits!
BitMart currently offers 282 trading pairs with relatively low trading fees in the market. As of today, BitMart has offices in South Korea, Hong Kong, and the United States, with employees in 15 different countries and regions.