Crypto Backed Loan

Product Details

• Assets: Cryptocurrencies - Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Uniwap (UNI), and Polkadot (DOT)
• LTVs: 50% for Crypto, 90% for Stable Coins
• Loan Value: €1.5M - €25M
• Interest Rate: 5.9% per Annum 
• No Fixed Maturity

Crypto loans are a type of short-term lending secured against cryptocurrencies. Borrowers can use the loan capital for various reasons – this might be to diversify investments into other asset classes, create liquidity to grow a business, reinvest in public markets, make a big-ticket purchase and so on.

Lenders offer a loan as a percentage of the value of the coins you want to use as security. If you want a crypto-backed loan, you will usually need to own significant mainstream cryptocurrency investments.

In theory, you can borrow against any mainstream cryptocurrency with a sizeable market cap and which can be liquidated easily. The most common types of crypto-backed loans are secured against Bitcoin, Ethereum, Litecoin and Cardano, but this can vary from lender to lender. As new cryptocurrencies rise to prominence and their valuations increase, lenders active in crypto finance will consider lending against them, so the assets you can use for a loan can change over time.  

Enness’ specialist brokers help borrowers secure competitive, high-value finance using mainstream cryptocurrencies as collateral. Enness can broker crypto finance for you regardless of your nationality or country of residence. Enness’ team of expert cryptocurrency brokers can source and negotiate million-pound-plus deals and can broker finance in cross-border or international deals.