Lending, SIPs, Fixed Deposits: Crypto Exchanges Expanding Beyond Trading Services
ndtv.comSIPs are a good way to understand the investment market.
The rise of cryptocurrency has led to a flourishing industry in India. An increasing number of new investors are joining the industry, seeing in it a promise to grow their wealth rapidly. Also, the trading is less complex for the young professionals, who understand technology far more intimately.
Cryptocurrency exchanges, too, find it less taxing to deal with them, compared to other sectors. Emboldened by their initial success, these exchanges are now gearing up to test the waters beyond just trading services to include lending, fixed deposit and SIPs.
Crypto lending
This service allows users to obtain cash by depositing part of their crypto assets to the exchange as security, without the
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