News Snapshot:
Huobi Tech is introducing crypto lending for institutional investors in Hong Kong, according to a company press release shared with CoinDesk. - The loans will range from $10,000 to $100 million in USDT and other currencies, and will carry an 8.8% fixed-term annual percentage rate, a company representative told CoinDesk via email. - The Hong Kong-listed company is affiliated with crypto exchange Huobi Global through a common co-founder, Leon Li, but is a separate legal entity. - The loans will be provided through Huobi Brokerage, Huobi Tech’s digital asset brokerage platform. Customers can use crypto as collateral, and the loan...
