Bitstamp, one of the world's oldest crypto exchanges, has announced a new lending service in new European markets, as well as in Hong Kong and the United Arab Emirates. The lending product offers daily rewards and up to 4.4% APY, with lending available for large-cap coins like bitcoin and ether, as well as Circle's USDC and Tether's USDT. Bitstamp has partnered with Finnish lending firm Tesseract to offer the service. The product is only available in certain European countries, Hong Kong, and the United Arab Emirates, and is not available in the U.K. or U.S. Bitstamp will run monthly lending performance reports to provide users with data and insights into product performance and risk.

(By Adam Morgan McCarthy)