Crypto A.M. shines its Spotlight on Lendingblock.
With a number of players in the lending arena, who are all offering slightly different propositions, market participants have a variety of lending options to consider - margin lending, borrowing on leverage, secured lending, and the list goes on.
Crypto lending supply and borrowing demand have also been known not to falter amongst bouts of market volatility and bear markets. Actually, demand has only proven to increase. Despite this excitement, crypto lending is still very much in its early days and is representing what is still quite a fragmented market, lacking critical market infrastructure to help it mature. Amongst this backdrop, enter Lendingblock.
Lendingblock is the first exchange fully dedicated to pure crypto lending that aims to support the needs of the broader cryptocurrency market by providing a secure and liquid venue for lending and borrowing needs of institutional market participants. Lendingblock's regulated platform will act as a centralized global lending marketplace, and it is launching on September 3, 2019.
Upon launch, Lendingblock platform users will be able to borrow and lend BTC, ETH, PAX and USDT on a fully collateralized basis, for loan terms of 1, 7, 14 and 30 days, with a minimum trade size of $100,000 equivalent of a specified digital asset. Rates are set by the market supply and demand, market rates.
Clients include a mix of hedge funds, market makers, trading houses, OTC providers, crypto lending firms, and exchanges, and each have a need to either generate interest on an asset they are holding or would like to borrow in order facilitate a specific strategy such as for shorting, arbitrage or working capital purposes. Lendingblock's market depth analysis charts, order book tools and riskfree yield curves provide clients with access to market data and price transparency across the global lending market.
Steve Swain, CEO, Lendingblock, said "We see the Lendingblock exchange as a key piece of market infrastructure that will provide efficiencies and support healthy markets in the crypto economy. We look forward to bringing the first institutional lending exchange to market and believe it will play an essential role in facilitating clients' trading strategies and also in helping the crypto market infrastructure to mature."
Darius Sit, Managing Partner at Singaporebased crypto trading firm, QCP Capital, said, "Having access to an institutional exchange where the lending supply and borrow demand is organized centrally and highly transparent in terms of being able to see the rates across different crypto assets and terms is something that the market most definitely should benefit from."
The Lendingblock platform can also be accessed via an API and will soon also be available through a variety of distribution partners, such as Caspian's order execution management platform. Lendingblock has 24-hour support over the phone and offers live chat to support clients throughout the process. Lendingblock, over the coming months, will also be expanding its capabilities to further meet client demand. Find out more at https://lendingblock.com
Lendingblock plays an essential role in helping the institutional crypto lending market mature.
Steve Swain, CEO, Lendingblock
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|Publication:||City AM (London, England)|
|Date:||Sep 3, 2019|
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