Shiba

Shiba Inu

Billion

<p>According to a recent <a rel="noopener noreferrer nofollow" href="https://bittrade.zendesk.com/hc/ja/articles/24864148946969--%E8%B2%B8%E3%81%97%E3%81%A6%E5%A2%97%E3%82%84%E3%81%99-%E8%B2%B8%E6%9A%97%E5%8F%B7%E8%B3%87%E7%94%A3-%E5%AE%9A%E6%9C%9F%E5%8B%9F%E9%9B%862%E9%8A%98%E6%9F%84%E5%8B%9F%E9%9B%86%E9%96%8B%E5%A7%8B%E3%81%AE%E3%81%8A%E7%9F%A5%E3%82%89%E3%81%9B-" target="_blank">statement</a> issued by BitTrade, one of Japan’s leading cryptocurrency exchanges, the firm recently announced the beginning of regular recruitment for the lending of two cryptocurrencies as of today, November 21.</p>
<p>As per the statement, the firm plans to start regular recruitment for crypto assets for renting XRP and SHIB.</p>
<p>The aforementioned decision is much eyed by Japan’s crypto market enthusiasts as the crypto lending landscape within the nation would witness a significant jacking up, further fostering the development of the digital asset realm within Japan.</p>
<h2 id="stock-recruitment-overview">Stock Recruitment Overview</h2>
<p>The statement released by BitTrade showcased data orbiting the lending of two <a href="https://coingape.com/glossary/cryptocurrency/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrencies</a>, XRP and SHIB.</p>
<h3 id="xrp">XRP</h3>
<p>The loan period for XRP, classified by BitTrade, stands at 90 days with an annual rate of 2%. Furthermore, the minimum application quantity set by the firm is 100 XRP, with the maximum being set at 500,000 XRP.</p>
<h3 id="shib">SHIB</h3>
<p>The loan period of SHIB is also set at 90 days, with an annual rate of 2%. Additionally, the minimum application quantity for SHIB tokens is set at 10 million SHIB, and, the maximum number of applications is valued at 10 billion SHIB.</p>
<p>Apart from this, the rental fee rate for both the tokens, considering the respective rental periods, is valued at 0.49% approximately.</p>
<p>Besides this, users can apply after simulating the lending fee they receive via crypto asset lending simulators.</p>
<p><strong>Also read: <a href="https://coingape.com/tether-1-billion-deposit-in-uk-firm-sparks-high-court-dispute/" target="_blank" rel="noopener noreferrer nofollow">Tether’s $1 Billion Deposit in UK Firm Sparks High Court Dispute</a></strong></p>
<h2 id="xrp-and-shib-price-report">XRP and SHIB Price Report</h2>
<h3 id="xrp">XRP</h3>
<p>At the time of writing, the <a href="https://coingape.com/price/xrp/" target="_blank" rel="noopener noreferrer nofollow">XRP price</a> noted a marginal fall of 2% over the past twenty-four hours, reaching $0.6114 today. Furthermore, the token witnessed a substantial decrease of 6.05% over the past week.</p>
<p>However, the twenty-four-hour trading volume witnessed a 5.80% upswing, evaluating $1.25 billion.</p>
<p>Interestingly, the price fall witnessed by XRP comes contrary to the <a href="https://coingape.com/ripple-and-whales-move-200-mln-xrp-amid-price-slump/" target="_blank" rel="noopener noreferrer nofollow">surge in whale activities</a> orbiting the token.</p>
<h3 id="shib">SHIB</h3>
<p>While writing, the <a href="https://coingape.com/price/shiba-inu/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu price</a> witnessed a slight decrease of 3.83% over the past twenty-four hours, reaching $0.00000832 today. Subsequently, over the past week, the token noted a downfall of 1.17%.</p>
<p>However, the twenty-four-hour trading volume experienced a significant upsurge of 27.54%, reaching $144.60 million.</p>
<p>The aforementioned SHIB price slump also appears to come contrary to the Shiba community’s constant efforts to jack up the SHIB tokenomics. As <a href="https://coingape.com/shib-burn-rate-skyrockets-48000-shiba-inu-price-to-rally/" target="_blank" rel="noopener noreferrer nofollow">reported</a> by CoinGape media earlier, the Shiba Inu crypto community has been constantly burning SHIB tokens with hopes of reviving the cryptocurrency.</p>
<p><strong>Also read: <a href="https://coingape.com/pro-xrp-lawyer-asks-charles-hoskinson-to-prove-ada-non-security-status-amid-sec-scrutiny/" target="_blank" rel="noopener noreferrer nofollow">Pro-XRP Lawyer Asks Charles Hoskinson To Prove ADA’s Non-Security Status Amid SEC Scrutiny</a></strong></p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://coingape.com/bittrade-unveils-lending-blueprints-for-xrp-and-shib-in-japan/">BitTrade Unveils Lending Blueprints For XRP And SHIB In Japan</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coingape.com">CoinGape</a>.</p>

BitTrade Unveils Lending Blueprints For XRP And SHIB In Japan

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