SBI VC Trade has rolled out a new feature that allows cryptocurrency holders to trade for BTC or JPY. The "Rent Coin" service focuses on cryptocurrencies like Shiba Inu, Bitcoin, and Bitcoin Cash, offering a 28-day lending term with interest rates of up to 5% for certain digital assets. This initiative aims to provide crypto holders with a source of income, such as interest on dormant assets, without significant effort.

The introduction of the "Rent Coin" service, designed to bring income to crypto investors by utilizing rental fees based on their digital assets, was announced through an official release and a blog post titled 'What’s New in the Recent Update.' This service caters to individuals looking to make quick profits by offering their crypto holdings on a short-term basis.

For participants interested in the "Rent Coin" program, including assets like XRP, Stellar, Dogecoin, Shiba Inu, Bitcoin, Bitcoin Cash, and the DAO stablecoin, the registration deadline is imminent. The lending period for Shiba Inu, Bitcoin, and Bitcoin Cash has been set at 28 days by SBI VC Trade to mitigate credit risks associated with standard lending protocols. SHIB holders and BTC holders can earn a 2% return, with BCH holders potentially receiving up to 5% based on various factors like the type of asset, lending term, and timing of placement.

By joining the "Rent Coin" program, individuals can leverage their cryptocurrency holdings for income without having to sell off their entire digital assets. While the lending process is straightforward, with no cancellations allowed after submission, certain risks like exceeding application limits or a decrease in trading capacities may impact loan approval rates. To ensure transparency and stability, SBI VC Trade has expanded its lending offering to include 20 cryptocurrencies, reflecting their commitment to serving a diverse community of crypto investors worldwide.