Overview
- Blockchain.com, which launched the service Thursday, lets customers pledge Bitcoin, Ethereum, or USDC as collateral to get cash without selling their coins.
- Rates start at 1.9% a year, placing the offer among the cheaper options in the crypto lending market according to the company.
- The product is available in more than 70 jurisdictions and targets large holders who want higher borrowing limits and a premium client experience.
- Borrowers can fund major needs such as property purchases, business investments, or tax planning, though permitted uses vary by local rules.
- The rollout comes as crypto-backed lending surpasses $70 billion, with Blockchain.com signaling plans to add lending transfers for high‑net‑worth clients.