OKCoin.com, the international arm of China’s OKCoin, has introduced a peer-to-peer (P2P) lending system it says will increase liquidity on its spot market and provide low-risk interest returns for users willing to loan their coins to traders.
It is the first time all OKCoin‘s users around the world will have the opportunity to access the lending feature. Traders can choose loans at their preferred interest rates, and are offered 2.2x to 3x leverage depending on their ‘VIP level’.
OKCoin has previously deployed the lending system on its Chinese OKCoin.cn site, and says there has been a waiting list for loans. It hopes P2P lending will, as well as build USD spot market liquidity, encourage yet more bitcoin trading on the already high-volume exchange.