What is Crypto Lending and Borrowing? A Simple Guide
“The global cryptocurrency market is projected to reach USD 4,067.4 million by 2027.”
Can you believe that?
So well, with the ever evolving and changing landscape of cryptocurrencies, one of the innovative financial services that is definitely gaining momentum is crypto lending and borrowing.
This practice allows crypto holders to leverage their digital assets for various purposes while offering opportunities for those seeking to borrow.
In this guide, we'll delve into the intricacies of crypto lending and borrowing, exploring how it works, the platforms involved, and the key considerations for participants.