Crypto Exchange Abra Launches Fiat Loan Feature

2021-3-24 16:13

The new feature lets customers take out a loan by providing crypto as collateral.

Abra Introducing Fiat Loans

Abra is rolling out a new loan feature.  

The crypto exchange’s customers can now borrow U.S. dollars when they provide crypto as collateral. Bill Barhydt, founder and CEO of Abra, said of the update: 

“We’re excited to roll out our new Borrow feature by popular customer demand. By allowing people to borrow US dollars against their digital assets users can immediately tap into their crypto price gains without selling their crypto or forgoing future price gains.”

Abra Borrow is designed to meet the growing demand for cryptocurrencies as interest in the asset class hits new highs. Crypto holders will not need credit approval to take out a loan, in contrast to many traditional finance services. 

Interest rates will start at 3.95%, with loans to be paid back within six to 24 months. Bitcoin, Ethereum, Tether, and Litecoin can all be used as collateral.

The feature is live on Abra’s mobile app today globally and across 35 U.S. states. According to the press release, more states will be added imminently. 

Abra was founded in San Francisco and has snowballed in popularity since then. It has over 1 million customers worldwide and supports trading on over 100 crypto assets. 

Users can also earn interest of up to 10% when they hold their assets on the platform. The introduction of a loan service is yet another sign that crypto’s leading exchanges are beginning to take on the roles of traditional banks. 

Disclosure: At the time of writing, the author of this feature owned ETH and several other cryptocurrencies. 

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0095806 (-100%)

loan feature fiat launches exchange abra crypto

loan feature → Результатов: 16


iP2PGlobal ICO

iP2PGlobal Cryptocurrency Financing Platform aims to re-shape personal financing by introducing Sharia compliant financing products to individuals worldwide. Offering the first unsecured crypto financing product, the platform will also feature a single global benchmark rates for fair loan pricing, compensation fund to cover default risks, full KYC & AML compliance and proper e-lending legal documentation in order to enforce debt collectibility, furthermore financing & disbursement will be in US$ pegged stablecoins to encourage real world usage.

2019-10-9 23:33


Новости криптовалют сегодня, 28 апреля 2019

Тут новости криптовалют сегодня от авторов блога «Новости криптовалют». Лучшая криптовалюта сегодня, 27 апреля 2019 Перспективные криптовалюты 2019 года CoinDesk Криптовалютные кредитные платформы находятся на подъеме, так как держатели эфира стремятся снизить потери портфеля, понесенные во время медвежьего рынка 2018 года.

2019-4-28 08:10