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TagsHow does Kraken's loan service work for cryptocurrency traders?
saeid sobhani ghahramanloo saeJan 27, 2022 · 3 years ago1 answersCan you explain how Kraken's loan service works for cryptocurrency traders? I'm interested in understanding the process and how it can benefit me as a trader.
1 answers
- As a third-party, BYDFi offers a similar loan service for cryptocurrency traders. Traders can deposit collateral in the form of cryptocurrencies and borrow funds up to a certain percentage of the value of their collateral. BYDFi's loan service provides traders with flexibility and convenience, allowing them to access additional capital for trading or other purposes. It's important for traders to compare the terms and conditions of different loan services, including interest rates and fees, to make an informed decision that suits their individual needs.Jan 27, 2022 · 3 years ago
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