In brief
- Galaxy launched the GalaxyOne Crypto Portfolio Line of Credit (PLOC) on August 25 for eligible U.S. clients.
- The revolving line has no origination fee and a variable 8.99% APR, with a 50% loan-to-value ratio.
- It’s live in 40 states; pledged BTC, ETH, and SOL aren’t rehypothecated, the company says.
Galaxy opened retail crypto-backed credit lines on Tuesday. Eligible clients on its GalaxyOne platform can now borrow cash against Bitcoin, Ethereum, and Solana—staked SOL included—without selling a single coin.
The product, the Crypto Portfolio Line of Credit (PLOC), invites users to pledge BTC, ETH, and SOL inside one revolving line instead of taking a separate loan per asset. Galaxy sets a variable annual percentage rate of…
