Blockchain.com Introduces Crypto Backed Loans with Competitive Rates

Blockchain.com has expanded its services with the launch of Crypto Backed Loans globally, providing users with a way to borrow against their digital assets without selling them.

The product utilizes Bitcoin, Ethereum, and USDC as collateral for large expenses such as property purchases or business investments. Loan rates start at 1.9% per year, making it one of the more competitive offers in the crypto lending market.

According to Blockchain.com, this new service is available globally and designed specifically for large crypto holders seeking competitive pricing, higher borrowing capacity, and a premium client experience.