Bitget's new Crypto Loans let users exchange low-demand tokens for liquid ones

“The new offering is intended to attract a new audience of users dissuaded by traditional credit institutions and seeking alternative means of funding via digital assets,” they wrote in the July 4 announcement. Bitget is the sixth-largest crypto derivatives platform ranked by 24-hour open interest, according to Coingecko.

"Bitget's new product highlights the flexibility of collateralized currency usage, enhancing capital utilization,” said Gracy Chen, Managing Director of Bitget. “Users now have the opportunity to stake less-demanded coins, enabling them to obtain loans in more liquid assets for investment purposes.” “Our platform's flexible borrowing and repayment mechanism is designed to cater to the needs of all users, accommodating their requests and ensuring convenience,” Chen said.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto SWOT: The U.S. SEC says recent spot Bitcoin ETF filings are inadequateCommentaries from industry expert Frank Holmes focusing on gold price movements, what's moving markets and what to expect in the metals sector. This includes his weekly Gold SWOT analysis, which is also featured in his own Kitco News show Gold Game Film
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Bitcoin bulls eye $31,500 as ETF optimism propels crypto prices higherCrypto prices trended higher on Monday after multiple firms, including BlackRock, refiled their spot Bitcoin ETF applications naming Coinbase as the SSA exchange partner.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »