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HomeFinanceSwapSpace introduces cryptoloans - an asset-backed lending resolution

SwapSpace introduces cryptoloans – an asset-backed lending resolution

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Kingstown, Saint Vincent and the Grenadines, 16 September 2024, Chainwire

SwapSpace, a number one cryptocurrency change aggregator, is happy to companion with CoinRabbit to introduce its new Crypto Loans characteristic, a service designed to assist cryptocurrency fans handle their portfolios.

With SwapSpace Crypto Loans, customers can entry stablecoins with out promoting their digital property, offering flexibility to these trying to maintain long-term positions in cryptocurrencies whereas addressing different monetary wants.

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Key Options of SwapSpace Crypto Loans:

  • Wide selection of supported cryptocurrencies – SwapSpace affords entry to a big selection of cryptocurrencies, together with (BTC), (ETH) and over 3,350 different digital property. Customers can use most of them as collateral and borrow towards totally different tokens primarily based on their portfolio.
  • Easy and quick mortgage course of – Lending on SwapSpace is environment friendly and clear. Customers merely choose their most well-liked loan-to-value (LTV) ratio, offering flexibility in how a lot they wish to borrow towards their collateral. The platform doesn’t require sophisticated procedures and a hedged place can often be created inside 5-10 minutes.
  • Aggressive curiosity rates- With SwapSpace, it affords aggressive rates of interest primarily based on market circumstances and helps debtors steadiness the worth of their mortgage whereas managing the price of holding it.
  • Excessive Safety – Belongings are saved in distinctive wallets with recurrently up to date personal keys for higher safety.
  • Flexibility- Loans have versatile phrases and could be repaid at any time. Accrued curiosity is paid solely when the mortgage is closed. Totally different LTV ratios can be found, which in flip have an effect on the APR, which ranges from 12 to 17%.
  • As a part of its mission to offer customers with a complete vary of economic companies, SwapSpace's crypto loans sign the platform's continued dedication to providing modern options that improve the crypto ecosystem. The brand new lending characteristic comes at a time when extra buyers are on the lookout for methods to benefit from their crypto property with out jeopardizing their market place.

    “At SwapSpace, we're at all times on the lookout for methods to offer our customers extra management over their property. With the introduction of cryptoloans, we're permitting them to unlock liquidity with out compromising their funding technique and dropping the added advantages of their property.” It is a sport changer for anybody trying to get essentially the most out of their crypto whereas holding onto it for the long run.” — Andrew Wind, CPO SwapSpace

    About SwapSpace

    SwapSpace is a crypto change aggregator with 28 companions and greater than 3350 cash obtainable for hassle-free and quick swaps at the perfect market charges with no registration necessities. Customers can securely change, purchase and promote fiat property and spend cryptocurrencies on common marketplaces. The platform aggregates affords from essentially the most trusted crypto exchanges and gives the perfect choices with 24/7 assist.

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    For extra info, customers can go to Twitter and Linkedin SwapSpace.

    ContactPR supervisorGeorge LaneSwapSpace.copr@swapspace.co

    This text was initially revealed on Chainwire

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