It is undeniable that in recent years, the outbreak of platform currency makes it a reality that the application scenarios of blockchain are mainly in the hands of the monetary holders and cryptocurrency exchanges. In the past 2019, digital assets such as cryptocurrency have appeared in the embryonic form of financialization in addition to pure speculation. More exchanges are developing towards a comprehensive trading platform, integrating OTC (over-the-counter trading), spot, leverage, futures contracts, and lending. ZB cryptocurrency has also become a hot issue.
Many investors are optimistic about this change. The comprehensive platform meets the diverse transaction needs of users and retains the stock users for the platform.
A more reliable financial management method in the currency circle
At present, two main types of currency management are more reliable in the currency circle. One is so-called staking, and the other is lending (which can be subdivided into centralized lending and decentralized lending). The other type of financing lending is similar to stock P2P financing. For example, if you have extra spare money or cash, you can lend it through various platforms if you don’t need to do anything in a short period.
On the contrary, the other side, who has the demand for leverage transactions, borrows funds from the platform for trading. Capital is the process of the stock game. Therefore, in the area of lending and financing, the currencies covered are also diversified, including bitcoin, USDT stable currency, platform currency such as ZB cryptocurrency, and POS currency.
Digital assets exchange loan financing
As the center of value exchange in the industry, the cryptocurrency exchange is also exploring derivatives such as futures, options, and more diversified financial products besides the most common spot trading and OTC trading. Among them, the most typical is the financial management business, which gradually began to rise in the second half of 2019.
In terms of product classification, there are two categories:
(1) Stable currency USDT
As for the steady money financing income, since there is no fluctuation, the risk is shallow, many exchanges do not.
This product has existed in the network of 14-year Hot Money and CHBTC (now known as ZB) for a long time in the currency circle. Today, every major exchange platform has its own lending business.
(2) BTC, ETH
Bitcoin and Ethereum, two mainstream currencies, rank first and second in market value respectively. They are also the first investment of most people, and most of them are long-term investments. Therefore, it is necessary to choose reliable financial products.
ZB, the old exchange platform, is the first mainstream exchange to launch Ethereum, EOS, and currencies with tremendous growth potential, including QTUM, HSR, BTS, and XRP. ZB is also an early pioneer in leveraged lending and financial management. It is understood that the daily interest rate of leveraged online lending in 2018 is as low as 0.033% (12% annualized). Compared with the financial income of Taoanbao, the current 12% annualized discount activity of ZB still has considerable income.
According to ZB’s official product introduction, the two products are managed by coordinate capital. The main members are from the largest high-frequency company on Wall Street, which belongs to the fixed principal guaranteed income product.
At present, the online mortgage lending of ZB supports multiple mainstream currency pledges, including BTC, ETH, LTC, EOS and other multi-currency pledges. The selectivity of the lending cycle is also diversified, with 30 days, 90 days, 180 days, and the interest rate as low as 0.033%. It applies to any scenario such as spot trading, leverage trading, currency withdrawal, cash withdrawal, etc.
All in all, any wealth management product is accompanied by high income as well as high risk. If you have a lot of free money and want to earn more without fears of the platform running, the above lending platform and lending methods are suitable for you. If you do not want to risk the complete loss of money, the staging wealth management may be ideal for you (provided that you master the private key). Still, you need to pay attention to the cycle, and it is not suitable for long-term holding.
If you want to conduct long-term and stable financial management, stable currency lending may be a better choice, and you should pay attention to multiple reliable platforms. Finally, if you think the steady spot income is enough and you don’t want to bear any risks, you can wait until the decentralized lending platform is mature. The risk control rules are mature before you participate. Anyway, ZB cryptocurrency is worth a try at any time.