Hong Kong-based Crypto.com announced on Wednesday its Exchange Lending users may now secure a BTC loan by borrowing against their crypto and access a loan-to-value (LTV) ratio of up to 50%.
According to Crypto.com, Lending allows users to monetize their cryptocurrency assets without any need of selling them. There are notably no required credit checks, and users may pay back partially or in full at any time without early repayment fees.
- Supported Collaterals: CRO, BTC, ETH, LTC, VET, LINK, and DOT
- Supported Loan Currencies: USDC / USDT / BTC
- Loan-to-Value (LTV) Ratio: 25% / 33% / 50%
- CRO Token Utility: Users who stake CRO can enjoy an even lower annual interest rate
Crypto.com added its Exchange Lending users need to complete Advanced level verification to use Lending. Citizens or residents of the excluded jurisdictions listed here cannot use its Lending services at this time.