crypto loans
Crypto loans are a type of financial service where a borrower uses cryptocurrency as collateral to obtain a loan, usually in the form of fiat currency or another cryptocurrency. The borrower locks their crypto assets with a lending platform, receives the loan amount, and regains access to the collateral once the loan and interest are repaid.
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JPMorgan to Accept Bitcoin and Ethereum as Loan Collateral by Late 2025
JPMorgan to Accept Bitcoin and Ethereum as Loan Collateral by Late 2025 JPMorgan Chase plans to let institutional clients use Bitcoin (BTC) and Ethereum (ETH) as collateral for loans by the end of 2025, according to Bloomberg. The global program will rely on a third-party custodian to safeguard...- Coinbotlab
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- Category: Finance — Crypto, Investments & Digital Economy