RATE Group | Boost for DiFi as CoinMarketCap Starts Publishing Cryptocurrency Interest Rates
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Boost for DiFi as CoinMarketCap Starts Publishing Cryptocurrency Interest Rates

19 Oct Boost for DiFi as CoinMarketCap Starts Publishing Cryptocurrency Interest Rates

Posted at 12:10h in Cryptocurrency News by

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  • CoinMarketCap is now publishing information on crypto interest rates
  • The development took 1.5 months to prepare
  • The initiative is a boost to DiFi

Cryptocurrency data website CoinMarketCap.com has created a new page showing interest rates offered by different cryptocurrencies. This latest step shows that cryptocurrencies could mutate towards becoming like traditional FIAT currencies.

33 Different Stablecoins and Cryptocurrencies

The new page, christened “Interest by CoinMarketCap” was launched on Wednesday, October 16, 2019, and is supposed to help users make a comparison before choosing their most suitable product. The page initially covers at least 33 different Stablecoins and cryptocurrencies and carries information from several leading cryptocurrency lending platforms such as BlockFi, Celsius Network, and Binance to name a few.

With the new offering, cryptocurrency firms will now offer services such as a deposit and loans similar to traditional financial institutions. Source link

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