◦ 16 Sep 2024 ◦ 3 min read
SwapSpace expands services with Crypto Loans
SwapSpace is thrilled to unveil the new Crypto Loans feature in collaboration with CoinRabbit, a service designed to help crypto enthusiasts manage their portfolios.
With SwapSpace Crypto Loans, users can borrow against their cryptocurrency holdings, allowing them to leverage their assets while retaining ownership. This service caters to the needs of investors who prefer to keep their long-term positions in digital currencies but require stablecoins for other purposes (including but not limited to purchasing more crypto).
Key features of the SwapSpace Crypto Loans:
- Wide range of supported cryptocurrencies
SwapSpace offers access to a vast selection of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and over 3,350 other digital assets. Users are able to use most of them as collateral and borrow against different tokens based on their portfolio.
- Simple and quick lending process
Borrowing on SwapSpace is streamlined and transparent. Users simply select their preferred loan-to-value (LTV) ratio, providing flexibility in how much they wish to borrow against their collateral. The platform does not require complex procedures, and a collateralized position can typically be created within 5–10 minutes.
- Competitive interest rates
SwapSpace offers competitive interest rates based on market conditions, allowing borrowers to maximize the value of their loan while minimizing the cost of holding it.
- High security
Assets are kept in unique wallets with regularly updated private keys for enhanced security.
- Flexibility
The loans have flexible terms and can be repaid at any time. The accrued interest is to be paid only upon closure of the loan. There are varied LTV ratios available, which, in turn, affect the APR, which ranges from 12 to 17%.
Boosting investor opportunities
As part of its mission to provide users with a comprehensive range of financial services, SwapSpace’s Crypto Loans signal the platform’s ongoing commitment to offering innovative solutions that enhance the crypto ecosystem. The new loan feature comes at a time when more investors are seeking ways to make the most of their crypto assets without compromising their market position.
At SwapSpace, we're always looking for ways to give our users more control over their assets. With the introduction of crypto loans, we're empowering them to unlock liquidity without compromising their investment strategy and missing out on the upside of their assets. This is a game-changer for anyone who wants to make the most of their crypto while holding onto it for the long term.Andrew Wind, CPO at SwapSpace
About SwapSpace
SwapSpace is a crypto exchange aggregator with 28 partners and over 3350 coins available for seamless and fast swaps at the best market rates without sign-up requirements. Users can securely swap, buy, and sell assets for fiat and spend crypto on popular marketplaces. The platform aggregates offers from the most trustworthy crypto exchanges, providing the best options with 24/7 support.
