BlockFi issues Loans accepting Cryptos as Collateral

Crypto Loan News

BlockFi has announced that the customers can lend and borrow funds by placing cryptocurrencies as collateral. The New York-based startup will be issuing crypto backed loans in the interest of 12%, 35% loan to value. The longest term is drafted for 12 months. The company is aiming to raise its capital during the second quarter to issue loans to customers.

Leave a Reply

Your email address will not be published. Required fields are marked *