Starting today, you can borrow USD against your crypto, directly from your non-custodial Wallet, for the first time ever. Users can now borrow USD Digital stablecoins against their Bitcoin, with support for Ether, Bitcoin Cash, and Stellar coming soon.
In November, we wrote about our OTC lending desk, which has partnered with institutional clients around the world to fuel their trading and investment strategies with hundreds of millions of dollars in loans.
Just as we were excited to expand the markets’ options for high-quality lending partners for institutions, today’s launch answers your demand for a reliable, trustworthy venue to borrow against your crypto hodlings. This means you can increase your buying power, seize that big trading opportunity, or finance your next purchase, without selling the crypto you’ve stockpiled over the years.
And the best part? You can borrow like the big guys without ever leaving your Blockchain.com Wallet.
It takes just a few clicks to go from setting up your loan to receiving your USD-denominated stablecoin. What you do from there is entirely your choice — your keys, your tokens.