Companies announced that Bitco Financial Services Onram has cooperated with the lending platform to provide Bitcoin’s lending service.
The new product for BTC holders allows loans while maintaining ownership of their assets, a step aimed at investors looking to reach liquidity without selling Bitcoin (BTC).
The service provides collected bitcoin loans, allowing borrowers to use their holdings as security while receiving cash or stablecoins in return. Using Bitcoin as a guarantee instead of selling it directly, borrowers can avoid capital gains and maintain exposure to the potential prices of the asset, According to the press statement.
The lending partner specializes in assets -backed loans and will deal with subscription and distribution of loans. OnRAMP, which focuses on Bitcoin’s financial solutions, will integrate the service on its platform, which makes it accessible to users who are looking for a substitute for traditional financing.
Bitcoin -backed lending acquires this course as an alternative to traditional loans, especially among the long -term BTC holders who prefer to keep their origins. This model has been used in many financial applications, from personal liquidity needs to institutional financing strategies.
Read more: Coinbase to provide Bitcoin -backed loans through Morpho
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