Japanese Financial Giant SBI Group Introduces XRP Lending

SBI VC Trade, a subsidiary of Japanese financial behemoth SBI Group, has launched lending for the XRP cryptocurrency, according to its Feb. 4 announcement.

From now on, the holders of the fifth-largest cryptocurrency will be able to deposit it to earn interest.

The amount of XRP that can be deposited ranges from 1,000 tokens to 100,000 tokens. The lending period is 84 calendar days.