New interest rates for Funding and Crypto Lending plans

WhiteBIT
Published 17 February 2023
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New interest rates for Funding and Crypto Lending plans

Content

The arsenal of our exchange tools helps traders optimize their experience with crypto in the most convenient ways. Crypto Lending and Margin trading are great examples.

In Autumn 2022, we updated the algorithm for using borrowed funds. As a next step, we are reducing the daily fee for using borrowed funds in margin trading starting March 10. 

Current fee Fee from March 10 
0.098% 0.078%

Therefore, on March 10, 2023, the interest rates for Crypto Lending plans will change. Although, users who opened plans before March 10, 2023, will receive the interest specified in the plan at the time of its opening.

Crypto Lending is a WhiteBIT product, which allows receiving interest from the long-term and short-term storage of digital assets on the platform. Each plan presupposes the accrual of a certain percentage. Starting from March 10, 2023, the percentage for storing cryptocurrency in Crypto Lending will be changed. However, those users who had opened the plan before March 10, 2023 will receive the interest specified in the plan at the time of its opening.

Let’s illustrate the changes clearly:

Tether (USDT)

Period Current interest rate Interest rate starting March 10, 2023 
360 days 30% 24.85%
180 days 13% 10.75%
90 days 6% 4.97%
30 days 1.75% 1.44%
20 days 1% 0.82%
10 days 0.4% 0.33%

Bitcoin (BTC) and other assets available for margin trading

Period Current interest rate Interest rate starting March 10, 2023
360 days 28% 23.19%
180 days 13% 10.04%
90 days 6% 4.63%
30 days 1.75% 1.35%
20 days 1% 0.77%
10 days 0.4% 0.3%

The interest rates for assets that are available for margin trading are the same as for BTC.

The terms and conditions of Crypto Lending do not change. You can cancel the plan anytime, but the funds will be returned without interest.

Just so you know, up until March 10, it is still possible to open a plan for any period with old interest rates. Use the opportunity and choose a plan with your favorite asset!

Learn information about updates of fees for trading with leverage, new interest and plans for Crypto lending via the link.