Using Crypto as Collateral a Realistic Need
- This new trend is on a constant rise as today you can hold cryptocurrency assets while using them as collateral to get a flat loan.
- Today, getting a crypto backed loan by using Ethereum (ETH) and Bitcoin (BTC) as a collateral is now a common practice in the crypto community.
- Right from history, various forms of financial market tools were used as collateral in obtaining credit facilities.
- , have become the new block used as collateral in obtaining loans.
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