Bitcoin-Backed Loans: Unlocking Liquidity in the Crypto Era
Bitcoin-backed loans are becoming a game changer for those holding onto their digital assets. With Coinbase recently hitting over $1 billion in collateral, the landscape is definitely shifting when it comes to liquidity options. Let’s dive into how these loans work, the perks they offer, and the possible downsides.
A New Way to Access Cash Without Selling
What exactly are Bitcoin-backed loans? In simple terms, they let you keep your Bitcoin while still accessing cash or stablecoin loans. This is particularly appealing for long-term holders who don’t want to sell their assets but need funds for immediate expenses. It’s an innovative approach that’s gaining traction among individuals and businesses alike.
