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@ Layer3.news
2025-05-07 11:07:22
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BITCOIN-BACKED LOANS ‘OBVIOUS’ NEXT STEP — XAPO BANK CEO
https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDUvMDE5NmFhMDMtODM4Ny03MWVmLTk5NGItNWZiNzEyYmYyZjdl.jpg
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✍️ Bitcoin holders are becoming more comfortable borrowing against their crypto as market confidence grows, according to Xapo Bank's CEO.
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👉 Bitcoin-backed loans are an 'obvious' next step in the growth of the crypto market
👉 Growing confidence in crypto's long-term trajectory is driving demand for borrowing against BTC
👉 Xapo Bank's new lending product allows clients to access up to $1 million in loans while keeping their BTC
👉 Loan-to-value (LTV) ratios of 20%, 30%, and 40% offer flexibility and manage risk
👉 Bitcoin-backed loans provide a solution for holders who want to stay exposed to BTC when facing life's unexpected expenses
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#SeamusRocca #Gibraltar #Dubai #technology
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