SwapSpace Launches Cryptocurrency Lending—A Solution for Asset-Backed Borrowing

[PRESS RELEASE – Kingstown, St. Vincent and the Grenadines, September 16th, 2024]

SwapSpace, a number one cryptocurrency buying and selling aggregator, is happy to launch its new cryptocurrency lending characteristic in partnership with CoinRabbit, a service designed to assist cryptocurrency fanatics handle their portfolios.

and SwapSpace Crypto Loans The characteristic permits customers to acquire stablecoins with out promoting digital property, offering flexibility for many who want to preserve long-term positions in cryptocurrencies whereas assembly different monetary wants.

Key Options of SwapSpace Cryptocurrency Loans:

1. Extensively supported cryptocurrencies – SwapSpace provides quite a lot of cryptocurrency choices, together with Bitcoin (BTC), Ethereum (ETH), and over 3,350 different digital property. Customers can use a lot of this as collateral and lend and borrow in several tokens relying on their portfolio.
2. Easy and quick mortgage course of – Lending and borrowing on SwapSpace is streamlined and clear. Customers have the pliability to decide on how a lot to borrow towards collateral just by choosing their most well-liked loan-to-value (LTV) ratio. The platform doesn’t require advanced procedures and collateral positions can normally be created inside 5-10 minutes.
3. Aggressive rates of interest – S SwapSpace provides aggressive rates of interest based mostly on market circumstances, serving to debtors steadiness mortgage worth whereas managing the prices of holding a mortgage.
4. Excessive security- Property are held in distinctive wallets and personal keys are up to date frequently for enhanced safety.
5. flexibility- The mortgage time period is versatile and will be repaid at any time. Accrued curiosity is payable solely on the finish of the mortgage. There are a selection of LTV ratios out there, which in flip impacts the annual share price (APR), which might vary from 12% to 17%.

As a part of its mission to supply customers with complete monetary providers, SwapSpace’s crypto loans signify the platform’s continued dedication to offering progressive options that improve the crypto ecosystem. The brand new lending characteristic comes as a rising variety of traders are searching for methods to take advantage of their crypto property with out compromising their market place.

“At SwapSpace, we’re all the time searching for methods to present customers extra management over their property. With the launch of crypto loans, we allow them to unlock liquidity with out affecting their funding methods and lacking out on some great benefits of their property. It is a recreation changer for anybody who desires to get essentially the most out of their cryptocurrency and maintain it for the long run — Andrew Wind, Chief Product Officer at SwapSpace.

About swap house

SwapSpace is a cryptocurrency buying and selling aggregator with 28 companions and over 3350 tokens, enabling seamless and quick swaps at one of the best market charges, no registration required. Customers can securely alternate, purchase and promote property with fiat currencies and use cryptocurrencies on standard markets. The platform brings collectively quotes from essentially the most trusted cryptocurrency exchanges, providing one of the best choice and 24/7 assist.

For extra info, customers can go to SwapSpace’s twitter and LinkedIn.