SBI VC Trade, the cryptocurrency exchange division of SBI Holdings, has introduced a new lending service for Litecoin, marking a significant development for crypto users in Japan. This initiative allows LTC holders to lend their assets and earn interest, enhancing the utility of Litecoin in a highly regulated market. The publication demonstrates positive momentum in the developments.
Launch of Lending Service
The lending service officially began accepting applications on January 29, 2026, at 8:00 PM JST. This program not only supports Litecoin but also extends to over 30 other cryptocurrencies, providing users with a variety of options to generate yield. The fixed lending periods range from 7 to 28 days, catering to different investment strategies and preferences.
Analysts' Perspective
Analysts have praised this move as a positive advancement for Litecoin's utility. By enabling Japanese holders to earn interest on their LTC without the need to sell their assets, the program effectively mitigates counterparty risk. This development is expected to attract more users to the platform, further solidifying SBI VC Trade's position in the competitive cryptocurrency market.
Recently, SBI VC Trade launched a new lending service for Litecoin, enhancing its utility in Japan. In contrast, BMIC has raised over $433,000 for a quantum-secure wallet initiative, aiming to improve security in the crypto sector. For more details, see this article.
