CryptoSlate · 1 min read

You can borrow against Bitcoin without selling it, but there’s a catch

You can borrow against Bitcoin without selling it, but there’s a catch

Bitcoin holders who need cash do not necessarily have to sell their BTC. They can borrow against it instead, keeping exposure to Bitcoin while using its value as collateral for a loan. The complication is that the loan they want may exist on another network. Many blockchain lending applications run on Ethereum, which keeps its […] The post You can borrow against Bitcoin without selling it, but there’s a catch appeared first on CryptoSlate.

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