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    SwapSpace Introduces Crypto Loans – A Resolution for Asset-Backed Borrowing

    Latest News

    Kingstown, St. Vincent and the Grenadines, September sixteenth, 2024, Chainwire

    SwapSpace, a number one cryptocurrency alternate aggregator, is thrilled to unveil its new Crypto Loans characteristic in collaboration with CoinRabbit, a service designed to assist crypto lovers handle their portfolios.

    With SwapSpace Crypto Loans characteristic, customers can entry stablecoins with out promoting their digital belongings, offering flexibility for many who want to keep long-term positions in cryptocurrencies whereas addressing different monetary wants.

    Key Options of the SwapSpace Crypto Loans:

  • Large Vary of Supported Cryptocurrencies- SwapSpace provides entry to an unlimited number of cryptocurrencies, together with (BTC), (ETH), and over 3,350 different digital belongings. Customers are ready to make use of most of them as collateral and borrow towards completely different tokens primarily based on their portfolio.
  • Easy and Fast Lending Course of- Borrowing on SwapSpace is streamlined and clear. Customers merely choose their most popular loan-to-value (LTV) ratio, offering flexibility in how a lot they want to borrow towards their collateral. The platform doesn’t require advanced procedures, and a collateralized place can sometimes be created inside 5–10 minutes.
  • Aggressive Curiosity Charges- S SwapSpace provides aggressive rates of interest primarily based on market situations, serving to debtors stability the worth of their mortgage whereas managing the price of holding it.
  • Excessive Safety- Belongings are saved in distinctive wallets with frequently up to date non-public keys for enhanced safety.
  • Flexibility- The loans have versatile phrases, and might be repaid at any time. The accrued curiosity is to be paid solely upon closure of the mortgage. There are diverse LTV ratios out there, which, in flip, have an effect on the APR, which ranges from 12 to 17%.
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    As a part of its mission to supply customers with a complete vary of monetary providers, SwapSpace’s Crypto Loans sign the platform’s ongoing dedication to providing revolutionary options that improve the crypto ecosystem. The brand new mortgage characteristic comes at a time when extra traders are in search of methods to benefit from their crypto belongings with out compromising their market place.

    “At SwapSpace, we’re at all times on the lookout for methods to offer our customers extra management over their belongings. With the introduction of crypto loans, we’re empowering them to unlock liquidity with out compromising their funding technique and lacking out on the upside of their belongings. This can be a game-changer for anybody who desires to benefit from their crypto whereas holding onto it for the long run.” — Andrew Wind, CPO of SwapSpace

    About SwapSpace

    SwapSpace is a crypto alternate aggregator with 28 companions and over 3350 cash out there for seamless and quick swaps at the most effective market charges with out sign-up necessities. Customers can securely swap, purchase, and promote belongings for fiat and spend crypto on well-liked marketplaces. The platform aggregates provides from essentially the most reliable crypto exchanges, offering the most effective choices with 24/7 assist.

    For extra data, customers can go to SwapSpace’s Twitter and Linkedin.

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    ContactPR SupervisorGeorge LayneSwapSpace.copr@swapspace.co

    This text was initially printed on Chainwire

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