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Bitfinex updates margin lending: daily interest credits now at 01:30 UTC
Bitfinex has updated its margin lending service to credit interest to lenders’ accounts daily at 01:30 UTC, replacing previous monthly or withdrawal-based schedules and offering more immediate access to earned interest.
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Bitfinex has updated its margin lending (margin funding) service so that interest earned by lenders is now credited daily at approximately 01:30 UTC, rather than following monthly or withdrawal-based schedules. This change applies to the platform’s peer-to-peer margin lending marketplace, where lenders set terms such as interest rate, duration, and amount; daily interest settlements aim to provide more immediate access to funds and standardize payment timing.
To use the margin lending service, account holders generally require at least Intermediate level verification if their accounts were created after March 1, 2022, with Basic Plus sufficient for some older accounts. Interest payments can be tracked under "Margin Funding Payment on wallet funding" in account reports.
Bitfinex is a cryptocurrency exchange that offers trading in a range of digital assets including Bitcoin, Ethereum, Litecoin, and multiple fiat currency pairs such as USD, EUR, GBP, and JPY. The platform features a proprietary trading terminal with a mobile application, options for margin trading with leverage up to 1:10 (and up to 1:100 for derivatives), customizable order types, and a demo account for strategy testing. For more information, you can visit the broker profile on Traders Union.
For more background, our previous Bitfinex update covered the exchange's peer-to-peer margin lending feature, which lets verified users set loan terms and interest rates. You can read more in the previous Bitfinex update on Traders Union.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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