Cryptocurrency exchange VALR has introduced Borrow, a lending service that lets users access funds by pledging crypto assets such as Bitcoin and Ethereum as collateral instead of selling their holdings. According to the announcement carried by Chainwire and cited by Techub News, borrowed funds are deposited into a user’s account instantly and can be used for trading, withdrawals, or spending.
The product is available to both individual and business customers. VALR said the borrowing process is fully automated and does not require credit checks or traditional paperwork. Loan size is determined by the value of the collateral and its risk profile. Users also do not face a fixed repayment term, allowing them to repay at any time or adjust their collateral position as needed.
Cryptocurrency exchange VALR has launched Borrow, a lending service that allows users to obtain funds by posting crypto assets such as Bitcoin and Ethereum as collateral, without selling those holdings.
Borrowed funds are deposited into a user’s account instantly and can be used for trading, withdrawals, or spending.
The product is aimed at both individual and business customers. According to the announcement carried by Chainwire, the borrowing process is fully automated and does not require credit checks or traditional paper documents. Loan amounts are calculated based on the value of the pledged assets and their risk profile, and users are not subject to a fixed repayment term. They can repay at any time or adjust their collateral as needed.
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