Cryptocurrency
fromnews.bitcoin.com
1 week agoShakepay Enables Bitcoin-Backed Lending in Canada After AMF Green Light
Shakepay launched bitcoin-backed loans in Canada with a 9.5% APR, allowing users to borrow against their bitcoin without selling.
Borrowing against crypto refers to using digital assets, such as Bitcoin or Ethereum, as collateral to obtain a loan in stablecoins or another supported currency. The collateral is typically locked by the provider until the debt is repaid. Such loans are offered by various exchanges and specialized services, each with its own terms: interests, fees, minimum collateral, and supported currencies.