
04:00 ETBlockchain.com Unveils Highly Anticipated Crypto-Backed Loans, Bringing Borrowing To Crypto Holders Worldwide

Blockchain.com has launched Crypto-Backed Loans, allowing crypto holders to borrow against their digital assets without selling them. Starting at competitive rates of 1.9% per year, this product targets large crypto holders and aims to expand Blockchain.com's consumer offerings. The company positions itself as a leading player in the crypto-backed lending market, leveraging its established infrastructure and liquidity. The loans can be secured with assets like USDC, Bitcoin, and Ethereum, providing an alternative for users to access liquidity for major expenses while preserving their investments. Blockchain.com operates in over 70 jurisdictions and has processed more than $1.2 trillion in transactions.
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