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BitLeague Launch Bitcoin-Backed Loan Services

Michelle Kellett by Michelle Kellett
November 29, 2020
in Blockchain
A A
BitLeague Launch Bitcoin-Backed Loan Services

© BitLeague LLC

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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.

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“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.”

Michelle Kellett

Michelle Kellett

Deputy Editor, Investing and Corporate News

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