SBI VC Trade, the crypto arm of SBI Japan, has opened an application window for a staking service that generates passive income for Shiba Inu and other select cryptocurrencies. The famous Japanese trading platform announced this offer through its official X account, posting details of the program on its blog.
Specifically, SBI VC Trade’s offering is a lending service dubbed ’Rent Coin’. A recent disclosure is attracting the attention of Shiba Inu (SHIB), Bitcoin (BTC) and Bitcoin Cash (BCH) holders. The exchange noted that the service allows cryptocurrency holders to lend out their idle crypto assets to receive rental payments during the lending period.
SBI VC Trade emphasized that this service is intended for investors who do not plan to sell their crypto assets for a while, but would like to use them to earn passive income. It is noteworthy that during the lending period, participants have no other obligation than to provide their crypto assets.
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