Hong Kong-based Crypto.com recently announced that users may now deposit ADA, ALGO, ATOM, VET, LINK, and WBTC as collateral on Crypto Credit, and instantly secure a loan at a 50% loan-to-value (LTV) ratio. According to Crypto.com, Crypto Credit allows users to monetize their crypto assets without the need to sell them. There are no required credit checks or repayment deadlines.
- Supported Collaterals: CRO, BTC, ETH, LTC, XLM, EOS, ADA, ALGO, ATOM, VET, LINK, and WBTC
- Supported Loan Currencies: USDC / USDT / TUSD / PAX
- Loan-to-Value (LTV) Ratio: 50%
- CRO Token Utility: Users who stake CRO can enjoy a lower annual interest rate (APR):
Crypto.com went on to add that interest begins from the day the loan is initiated and will continue while the loan is in effect. The LTV ratio may be adjusted on the Crypto.com platform.