Coincheck, the crypto exchange based in Japan will add cryptocurrency Qtum (QTUM) will soon add to its exchange.
On Feb. 25 Coincheck announced the addition of Qtum (QTUM). Currently, it handles trading, selling, and buying for eleven cryptocurrencies the new addition will make it to12th.
＼ #QTUM の取扱い開始について／#Coincheck では新たに #Qtum の取扱いを開始する予定であることをお知らせいたします 😆✨https://t.co/N50SdJfTnh — Coincheck(コインチェック) (@coincheckjp) February 25, 2020
As with other cryptocurrencies the exchange manages, Coincheck will allow its users to send, receive, buy, and sell Qtum. However, they will also be able to use Qtum for Coincheck’s lending service.
Under the existing service, users can lend their cryptocurrencies to the exchange by agreeing on a loan contract agreement. Once this contract expires, Coincheck will return the cryptocurrency with an annual percentage rate on top of it.
The exchange claims the annual interest rate has been up to 5%.
Qtum is a blockchain platform established in December 2016. They are working with both Google and Amazon to develop their Dapps platform. As of Feb. 25, the date of release for the cryptocurrency has not been set.
Source: Cointelegraph.com