A Japanese financial giant is launching a crypto lending service.
The new service, called VC Trade Lending, will initially support bitcoin and later Ether and XRP. The minimum lending amount is 0.1 BTC ($1,890 at the time of publication) and the maximum is set at five bitcoin ($90,450).
VC Trade Lending will not impose any account management fees or annual membership fees, or charge any fees for deposits made in Japanese yen or crypto but will charge a fee for yen withdrawals.
SBI is a major partner of Ripple, the company behind XRP, the fourth-largest crypto by market capitalization. Ripple is reportedly considering relocating from the United States to Japan, which is seen as a more crypto-friendly jurisdiction.