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Galaxy launches retail crypto-backed credit lines for Bitcoin, Ethereum, Solana
Borrowers can access credit against holdings without selling their coins, with rates set at 8.99% APR.
Galaxy has opened retail credit lines backed by crypto assets, allowing customers to borrow cash while keeping exposure to their holdings, according to Decrypt.
The offering covers Bitcoin and Ethereum collateral, plus staked Solana, delivered through GalaxyOne clients.
Rates are described as 8.99% APR, and the structure is positioned as a way to access liquidity without selling any of the pledged assets.
The program is aimed at users who want to obtain cash against their crypto balances rather than liquidating positions, Decrypt said.
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