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Title: BTC interest rates ? Post by: davidgdg on July 27, 2014, 07:55:45 AM BTC interest rates (for swap loans to short sellers) on Bitfinex are about 1.5% pa. But Huobi's same offering at their new Yubibao account is closer to 7% pa. Why the disparity ?
http://www.coindesk.com/huobi-brings-margin-trading-interest-accounts-bitcoin-litecoin/ (http://www.coindesk.com/huobi-brings-margin-trading-interest-accounts-bitcoin-litecoin/) Title: Re: BTC interest rates ? Post by: deepestfear on July 27, 2014, 08:04:16 AM Demand and Supply at the risk of sounding dumb?
Title: Re: BTC interest rates ? Post by: Dalmar on July 27, 2014, 08:16:16 AM Huobi wants to lure in greedy fools before pulling a Gox on them.
Title: Re: BTC interest rates ? Post by: davidgdg on July 27, 2014, 08:22:46 AM Demand and Supply at the risk of sounding dumb? But why would the demand for BTC loans by short sellers on Huobi be so much greater than on BFX? Title: Re: BTC interest rates ? Post by: davidgdg on July 27, 2014, 08:27:04 AM Huobi wants to lure in greedy fools before pulling a Gox on them. Then why stop at 7% ? It's hardly an earth shattering return given the risks. Title: Re: BTC interest rates ? Post by: arbitrage001 on July 27, 2014, 08:55:58 AM 7% is rather low considering the risk.
Title: Re: BTC interest rates ? Post by: johnd7 on July 27, 2014, 09:17:11 AM BTC interest rates (for swap loans to short sellers) on Bitfinex are about 1.5% pa. But Huobi's same offering at their new Yubibao account is closer to 7% pa. Why the disparity ? I would not put my BTCs someplace in hope of %7 pa. http://www.coindesk.com/huobi-brings-margin-trading-interest-accounts-bitcoin-litecoin/ (http://www.coindesk.com/huobi-brings-margin-trading-interest-accounts-bitcoin-litecoin/) Title: Re: BTC interest rates ? Post by: thrax on July 27, 2014, 11:51:57 PM Is the 7% interest on your bitcoin, not it's fiat value?
Title: Re: BTC interest rates ? Post by: Cluster2k on July 28, 2014, 04:25:20 AM Considering the fact that an exchange can pull a MtGox overnight and you might have to fight months or years to get anything back, 7% seems pretty cheap.
Title: Re: BTC interest rates ? Post by: Leina on July 28, 2014, 04:29:35 AM There is currently no reputable bitcoin bank/business which offer deposit facility to bitcoin user.
Title: Re: BTC interest rates ? Post by: davidgdg on July 29, 2014, 05:37:49 PM There is currently no reputable bitcoin bank/business which offer deposit facility to bitcoin user. Deposit facilities are very different to lending facilities. Title: Re: BTC interest rates ? Post by: Benjig on July 29, 2014, 08:24:51 PM Huobi wants to lure in greedy fools before pulling a Gox on them. Then why stop at 7% ? It's hardly an earth shattering return given the risks. A higher amount would sound too fishy, more than 7% is. Title: Re: BTC interest rates ? Post by: bittown on July 30, 2014, 06:21:27 AM I learned to don't trust anyone, I would not send my coins to Huobi and hope it won't close.
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