loans-now-available-on-the-crypto.com-exchange

Loans now available on the Crypto.com Exchange

Crypto.com on the present time announced the commence of cryptocurrency-backed loans on the Crypto.com Change. Users can now secure an speedy mortgage when the usage of their crypto as collateral.

Highlights

  • Deposit approved cryptocurrency and secure a mortgage straight;
  • Repay loans partially or in beefy at any time without early compensation costs;
  • Passion rates as diminutive as 1% APR, stake Crypto.com Chain token CRO to acquire basically the simplest rates

With Lending, each retail possibilities and establishments can take mortgage phrases that suit them, and assemble repayments based mostly on the corresponding initial mortgage-to-label (LTV) ratios.

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Key Loan Phrases

Phrases Info
Loan Period Maximum duration: 12 months

Trace: Users can repay any amount at any time.

Settle on of Loans Borrow as much as a pair renowned loans at a time.
Collateral Currencies BTC, ETH, LTC, CRO

Crypto.com plans to constantly add new cryptocurrencies here.

Loanable Currencies USDC, USDT

Crypto.com plans to constantly add new cryptocurrencies here.

Minimum Borrowing Quantity 100 USDC or 100 USDT
Maximum Borrowing Quantity (In total at a time)
  • USD 500,000 the same for retail customers
  • USD 1,000,000 the same for institutional customers
Passion Rates Preferable mortgage pastime rates with bigger CRO Stake or decrease LTV:

Initial LTV CRO Stake < 100Okay CRO Stake ≥ 100Okay
LTV = 25% 2.00% APR 1.00% APR
LTV = 33% 6.00% APR 4.00% APR
LTV = 50% 8.00% APR 6.00% APR

Trace: The above table reveals straightforward pastime rates, which system the pastime costs best prepare to the mortgage’s critical amount, and must now not compounded on earlier pastime costs.

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