IOTA token added as collateral asset on Bitfinex Borrow

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Bitfinex, the popular cryptocurrency exchange platform, today announced it has added IOTA as collateral on Bitfinex Borrow; after it was successful in a recent social media poll.

An overwhelming majority of Bitfinex’s growing community opted for IOTA; with the token gathering 87.6%  of the votes in a social media poll.

“Our customers have spoken. IOTA’s success in our recent social poll is a testament to its enduring popularity and track record for innovation in the field of distributed ledger technologies.”
– Paolo Ardoino, CTO at Bitfinex

IOTA

Customers of Bitfinex can now obtain loans of up to 70% of the value of their IOTA holdings in US Dollars (USD). Borrowers will have to manage their own risk of fluctuations in the IOTA price.

A peer-to-peer (P2P) digital token loan portal, Bitfinex Borrow permits users to borrow funds from other users by using their cryptocurrency or fiat assets as collateral.

Via: https://www.cryptoninjas.net

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