Search results for 7.95 percent
Finance
Mirae Asset Securities cuts short-sale collateral loan rates further
Mirae Asset Securities will further cut interest rates on short-sale collateral loans to reduce customers’ interest burdens. The brokerage said the rate cuts will take effect on Nov. 2 and will vary by daily usage amount, lowering rates by up to 2 percentage points. Rates currently applied uniformly at 7.95 percent will be reduced to 5.95 percent for amounts up to 30 million won and to 7.45 percent for amounts above that level.
Crypto
Will XRP reach $2? How Evernos Nasdaq listing could affect price
EvernOS will begin trading on Nasdaq on Oct. 8 under the ticker XRPN. U.Today reported that the firm is positioning itself not as a passive ETF but as a treasury vehicle that directly manages assets in the Ripple and XRP Ledger ecosystem. Evernos holds 473 million XRP and plans to deploy it in XRP Ledger DeFi protocols and arbitrage. Analysts say this could reduce circulating supply and support a move toward $2 if demand holds.
Finance
Mirae Asset Securities cuts interest rates on sell-collateral loans and overdue cash margin
Mirae Asset Securities will cut interest rates on sell-collateral loans and overdue interest on cash margin balances to reduce customers’ financing costs as market volatility increases. The sell-collateral loan rate will fall to 7.95 percent a year from 9.0 percent. The overdue rate on cash margin balances will also drop to 7.95 percent from 9.9 percent. The changes take effect on July 27.
