Crypto.com announced that Exchange users can now borrow against their crypto at a loan-to-value (LTV) ratio of up to 50% by making a VET and LINK deposit as collateral.
Crypto.com Exchange Lending allows users to monetize their crypto assets without needing to sell them. No credit check is required, and users can pay back in part or in full at any time with no prepayment fees.
Supported Guarantee: CRO, BTC, ETH, LTC, VET & LINK
Supported Loan Currency: USDC / USDT
Loan-to-value (LTV) ratio: 25% / 33% / 50%
CRO Token Utility: Users who stake CRO can enjoy lower annual interest rates (see table below).
Crypto.com Exchange users must complete advanced verification to be able to use the Lending feature. Residents or residents of the excluded jurisdictions listed here unable to use Lending services at this time.