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Crypto lending rates are low and DeFi is not competition says Nexo co-founder

Yet, Nexo co-founder Antoni Trenchev disagrees that crypto lending rates are high. In an interview with Cointelegraph, he said that this reflects the “Western” view, where the prevailing interest rates tend to be low. But it is not the case in the developing world, he said:

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Source: Cryptocurrency - investing.com

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