Sbi Trade Giant Begins Lending Out Users' Bitcoin And Bitcoin Cash: Details

SBI Trade, a crypto exchange under Japan's SBI Group, has launched a new service allowing users to lock Bitcoin and Bitcoin Cash for a fixed period in exchange for commission payments. The platform will pool the staked cryptocurrencies and lend them out, targeting users who prefer to hold rather than sell their digital assets, thus offering an additional income stream.

Meanwhile, venture capitalist Tim Draper compared Bitcoin to other disruptive technologies, arguing that society initially fears innovation before embracing it. In a post on X, Draper listed Bitcoin alongside electricity, the automobile, and artificial intelligence, stating that despite early skepticism, Bitcoin is now viewed by some as digital gold and a financial safe haven.