BitLeague, the top digital currency financial services platform, announced today that it would provide crypto-based USD loan services.
Through DigitAmex LLC, its lending arm (US licensed), BitLeague will offer industry leading bitcoin-backed loans to clients. Cryptocurrency investors will be able to borrow from 3.99% APR without selling their bitcoin holdings on BitLeague.com or via the BitLeague App. The loan rate will be adjusted based on term, loan to value ratio, etc.
“This is a new milestone for our business. Our clients have enjoyed our zero-commission bitcoin trading service, and now, they can get loans from us at a very competitive rate without selling their bitcoin investment,” said Yifeng Mao, founder of BitLeague. “We see a substantial demand from clients for this essential product. Having received our Lending License from California, this bitcoin-backed loan service will be rolled out from this market and we hope to cover the entire US in the short to medium term.”
