Revealed: why crypto interest rate is the deal-breaker

The emergence of cryptocurrency into the global financial system has brought a new dimension of the crypto interest rate. The crypto lending platform, which involves the lending and borrowing of cryptocurrency, is becoming a unique turning point that could quickly determine how the digital asset is regarded in the financial market.

This platform of lending out cryptos comes with a twist to how the market investors view cryptocurrency. The crypto interest rate generated via the lending platforms can lead to an increase in the supply and movement of cryptocurrencies in the capital market.

How the crypto interest rate works

The way the interest rare works in the conventional financial market is that whenever an individual or organization wants to take a loan, they will agree with the lending institution on a particular percentage of the loan amount to be paid, i.e., the interest, back in addition to the principal amount. This additional percentage is called the interest…