Home
Business
SwapSpace Introduces Crypto Lending – A Solution for Chainwire Asset-Backed Lending

SwapSpace Introduces Crypto Lending – A Solution for Chainwire Asset-Backed Lending

Kingstown, Saint Vincent and the Grenadines, September 16, 2024, Chainwire

SwapSpace, a leading cryptocurrency exchange aggregator, is pleased to introduce its new Crypto Loans feature in collaboration with CoinRabbit, a service designed to help cryptocurrency enthusiasts manage their portfolios.

With the SwapSpace Crypto Loans feature, users can access stablecoins without selling their digital assets, providing flexibility for those who want to hold long-term positions in cryptocurrencies while addressing other financial needs.

Key Features of SwapSpace Crypto Loans:

Wide range of supported cryptocurrencies SwapSpace offers access to a wide selection of cryptocurrencies, including (BTC), (ETH) and over 3,350 other digital assets. Users can use most of them as collateral and borrow against different tokens depending on their portfolio.

Simple and fast loan process- Borrowing on SwapSpace is simple and transparent. Users simply select their preferred loan-to-value (LTV) ratio, giving them flexibility in how much they wish to borrow against their collateral. The platform requires no complex procedures, and a collateralized position can typically be created within 5-10 minutes.

Competitive interest rates- S SwapSpace offers competitive interest rates based on market conditions, helping borrowers balance the value of their loan while managing the cost of servicing it.

High security- Assets are stored in unique wallets with regularly updated private keys for added security.

Flexibility- Loans have flexible terms and can be repaid at any time. Accrued interest is only paid upon closing of the loan. There are different LTV ratios available, which in turn affect the APR, which ranges from 12 to 17%.

As part of its mission to provide users with a wide range of financial services, SwapSpace’s crypto loans are a testament to the platform’s ongoing commitment to delivering innovative solutions that improve the crypto ecosystem. The new lending feature comes at a time when more investors are looking for 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 lending, we're giving them the ability to unlock liquidity without compromising their investment strategy and missing out on the potential of their assets. This is a game-changer for anyone who wants to get the most out of their crypto and hold it for the long term.” — Andrew Wind, Chief Product Officer at SwapSpace

About SwapSpace

SwapSpace is a cryptocurrency exchange aggregator with 28 partners and over 3350 coins available for fast and seamless exchanges at the best market rates with no registration requirements. Users can securely exchange, buy and sell assets for fiat and spend crypto on popular markets. The platform aggregates offers from the most trusted cryptocurrency exchanges and provides the best options with 24/7 support.

For more information, users can visit SwapSpace on Twitter and Linkedin.

ContactPublic Relations ManagerGeorge LayneSwapSpace.co[email protected]

This article was originally published on Chainwire