Another huge milestone for Huobi global. The exchange recently announced the launch of its customer-to-customer (C2C) lending on its platform on May 21.
According to an official blog post, Huobi disclosed that this C2C launch would provide users with a 50% discount on service charges. Previously, the platform fee was 18%. Following the initial launch of its C2C platform, service fees were now down to 8%. To enjoy this service, however, users would need to download the most recent Huobi App version or log onto the exchange platform website.
About Huobi C2C lending service
Huobi C2C lending comes at a time when lending funds using crypto is becoming a popular trend. For example, the fintech platform Crypto.com had also recently made important updates to its lending platform.
Huobi’s C2C lending service platform, essentially, provides a meeting point for C2C token lenders and borrowers. while also matching them with one another. The lending service is divided into two parts, namely:
C2C Loan – This feature enables the token holders to lend their tokens out at a specified daily interest rate. Borrowers have the liberty to choose whose token they would like to accept. They would also pay the lender the agreed token interest rate daily.
C2C Borrow – This service is majorly for the margin traders. It provides them with the option of