The operator of the largest online wallet Blockchain.com has added a credit feature for users. The Borrow service allows you to take a loan in a dollar stacker secured by BTC.
The firm claims that the feature is available to wallets owners around the world, and loans are granted as soon as they are secured. Although the statement does not specify what kind of stelekoyne will be granted loans, last year in the wallet Blockchain.com was added support stelekoyn PAX.
The new Borrow product comes after Blockchain.com launched a lending service for institutional investors in August 2019. In the first month of the service, the company issued loans worth $10 million, and by November the figure reached $100 million.
"Institutional and retail investors have the same financial goals — to increase wealth and manage risk. But the tools they have are very different", — said Peter Smith, co-founder and CEO of Blockchain.com. "Now, with our suite of trading products and Borrow, retail users can trade like large firms without selling their accumulated cryptographic currency and do all the trading right in their wallet.
The crypt currency market is growing rapidly. Back in August last year, its size reached almost $5 billion, and a year ago deposits of users of BlockFi credit start-up reached $53 million.
In the summer of 2019, the Binance crypt exchange launched a new service of crypt-currency lending, where users can issue their own cryptographic assets in debt. In addition, earlier this month BitGo launched a cryptographic lending service for institutional investors with support from BTC, ETH, LTC, BSH and DASH.
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