Blockchain.com launches crypto-backed loans worldwide

TLDR

Blockchain.com has launched crypto-backed loans for users around the world. The product allows customers to borrow against Bitcoin, Ethereum and USDC without selling their assets. Loan rates start at 1.9% per annum, which makes the offer competitive in the market. The service targets large cryptoholders seeking liquidity for property, business and tax needs. CEO Peter Smith said one of the most requested products on the system is crypto-backed loans. Blockchain.com said it will use its existing liquidity, infrastructure and risk systems to support the release.

Blockchain.com has introduced crypto-backed loans to customers around the world. The company now allows users to borrow in Bitcoin, Ethereum and USDC without selling holdings. Loan rates start at 1.9% per year, and the product is aimed at large digital assets that need liquidity.

Blockchain.com Expands Credit Offering for Bitcoin, Ethereum and USDC.

Blockchain.com has confirmed the global presence of its crypto-backed lending product. The service allows customers to provide Bitcoin as collateral and safe money for major expenses. Borrowers can finance property purchases, business investments and tax obligations with structured loans.

The company's rates start at 1.9% annually, keeping the offer competitive. It is designed for high value accounts that require large credit limits. It also structures its loans to help clients maintain their market exposure while accessing capital.

Blockchain.com included Ethereum in its list of approved securities at launch. Customers can lock Ethereum holdings and receive funds without executing a sale. The structure favors long-term owners who prefer to retain digital assets during financing.

The firm has approved USDC as eligible collateral under the program. Users can pledge USDC to unlock funding for various approved services. However, the company said that the loan objectives may vary depending on the jurisdiction.

CEO and founder Peter Smith responded to demand for the new product. “Crypto-backed loans are one of the most requested products on our platform,” he said. The company plans to compete aggressively in the category, he added.

Smith emphasized the operational strength of the company. Blockchain.com says it will not enter the loan market from a stand-alone startup. They pointed to liquidity, infrastructure and risk management systems.

These systems support institutional and wealth clients, the company said. Now it expands those capabilities to a broader customer base. The release is part of the consumer and wealth expansion strategy.

Company raised $70 billion in crypto loans to high net worth clients.

Blockchain.com launched its product in the crypto-backed loan market of more than 70 billion dollars. The company cited increasing demand from owners looking for structured liquidity solutions. It aims to offer competitive pricing and high credit capacity.

He said the company operates in more than 70 regions around the world. It has reportedly handled more than $1.2 trillion in transactions to date. It uses this footprint to distribute the lender's product globally.

Blockchain.com also plans to expand into loan transfers for high net worth individuals. The company says it uses blockchain infrastructure to facilitate crypto-backed credit. It aims to position the platform as a financial hub for digital asset users.