This year, the sudden COVID-19 has caused a lot of impact on all walks of life.

For those investors who are optimistic about the future trend of digital currencies, the act of selling encrypted currencies is undoubtedly a helpless and distressed measure of last resort. When there is demand, usage scenarios will arise, and when there are usage scenarios, functions will emerge. As a result, a number of products and services dedicated to meeting the demand for "lending" in the currency circle continue to emerge.

One of the charms and potentials of blockchain is to impact and innovate traditional finance, and lending is also a means to ensure that finance can develop continuously, steadily, and orderly, so the outbreak of the lending market is inevitable. In just six months, many platforms have launched their own lending services.

But when it comes to anything related to funds, the platform used is something that any user will seriously consider. So this time we will conduct a horizontal comparison of the lending services launched by the three major domestic digital currency trading platforms (Binance, OKex, and ZB.com).

1.????? Interest rate

When interest rates are used as collateral for currency borrowing, the first factor that users should focus on has naturally become the first important link in our comparison.

Let's look at the data directly: Binance, the annualized interest rate is 14.5%; ZB.com, the annualized interest rate is 7.5%; OKex, the annualized interest rate is 3.65%~35.77% (C2C).

In terms of borrowing costs, the lowest interest rate is OKex, because its lending product model is C2C. In other words, the rise and fall of interest rates follow the relationship of supply and demand. When the borrowing demand of a certain currency is concentrated, the interest rate will also increase. In addition, in the C2C model, users with borrowing needs need to publish loan advertisements on their own. When another user who sees the advertisement is willing to lend, the loan relationship can be established. The efficiency in the middle is naturally the lowest among the three platforms in this horizontal comparison.

Except for OKex in the C2C model, ZB.com has the lowest interest rate. If we borrow 1000 USDT in Binance for a period of 90 days, we need to pledge nearly 0.14 BTC (according to the BTC price on July 28, which is approximately RMB 10594), and then need to return 1036.00 USDT when returning it. To borrow 1000 USDT from ZB.com, 900 QC (QC is a 1:1 stable currency anchored to offshore RMB, which is equal to 900 RMB) is required for mortgage, and the period is also 90 days, and only 1018.75 is required when returning. . In terms of interest, ZB.com's interest for the same loan period is nearly half less than that of Binance. In terms of the borrowing threshold, ZB.com only needs to use 900QC for mortgage conditions, which is undoubtedly much more friendly than Binance's requirement of 0.14 BTC.

2.????? Loan period

The loan period is also one of the most important factors for users in need. A longer and less restricted loan period means that users can arrange and complete their plans more flexibly. Therefore, in order to better judge which platform provides better loan services, the second comparison is the loan period.

Let's look at the data directly: Binance's loan period is 7 days, 14 days, 30 days, and 90 days. ZB.com's loan period is 30 days, 90 days, and 180 days (support for deposit and withdrawal). OKex's loan period is 7 days, 15 days, 30 days, 60 days, and 90 days.

It is not difficult to find that only ZB.com can provide the longest loan period. Not only that, under the 180-day loan period, the annualized interest rate on ZB.com has also been reduced from the previous 7.5% to 7.3%. This is undoubtedly a great discount for users who have longer-term borrowing needs.

In fact, it is not difficult to see from the data that Binance and OKex can provide a minimum loan period of 7 days, so for those users who only have short-term loan needs, are they the only choice? The answer is of course no.

ZB.com is not only the only platform that can provide a long loan period of up to 180 days, but also the only platform that can provide on-demand services. This means that users who choose the ZB.com mortgage loan service can have the highest degree of flexibility in the loan period.

Not only that, the daily interest rate of ZB.com mortgage loan with deposit and withdrawal is also as low as 0.025%, and the annual interest rate is only 9%, which is 5% lower than Binance's regular loan service interest rate.

3.????? Available currencies

As a digital currency trading platform, users' requirements for lending services of course also include the currencies that can be borrowed. More supported currencies represent users' borrowing flexibility, which naturally becomes the main content of the third comparison link.

Look directly at the data: Binance supports borrowing USDT and BUSD. ZB.com supports the borrowing of USDT (only available when the mortgage currency is QC), QC, BTC, ETH, LTC, EOS. OKex supports borrowing USDT.

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