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Home » Announcements » OKCoin Launches New P2P Lending Services Add New Post

OKCoin Launches New P2P Lending Services

Moderator published on OKCoin Announcements Announcements 2014-07-24 19:36 27954


BEIJING, June 20, 2014 /PRNewswire/ OKCoin,
Inc. (www.okcoin.com), China’s largest Bitcoin exchange, today announced the
release of Peer-to-Peer (p2p) Margin Trading features. OKCoin’s exchange now
allows for borrowing and lending, as well as two new interest yielding
investment funds: the “OK Standard Fund” and the “OK VIP Fund”.






OKCoin’s p2p lending market allows users to
take advantage of up to 3x leverage at an interest rate and loan duration of
their choice. Meanwhile, users can earn interest on their idle funds by lending
to other users in the market, also at an interest rate and duration of their
choice. The system will automatically match the most suitable loans with those
looking to borrow, thus allowing for pain-free and quick loan transactions.






OKCoin has created two new funds customers can
deposit into and yield interest in return for providing liquidity.



● OK Standard Fund: Insured deposits, open to every user, no minimum
loan size.



● OK VIP Fund: Only open to users who have signed a contract
acknowledging the risk they are undertaking, non-insured, minimum of 1000 BTC
loans.






About
OKCoin



OKCoin is China’s largest digital currency
exchange by volume, funding, users, and page views. The company is led by a
strong management and technical team, which brings together both China startup
and Wall Street technology experience. The company has has raised over US$10m
in venture financing from well known investors such as Ceyuan Capital,
VenturesLab and famed Silicon Valley investor Tim Draper. OKCoin is
aggressively expanding outside of China and is recruiting international
expertise.






For
further comment, please contact [email protected]






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the latest OKCoin developments on:



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Twitter: @OKCoinBTC


Weibo: www.weibo.com/OKCoin
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