RATE Group | Blockchain.​Com Now Offers Crypto Lending Service to All Users
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Blockchain.​Com Now Offers Crypto Lending Service to All Users

10 Mar Blockchain.​Com Now Offers Crypto Lending Service to All Users

Posted at 20:20h in Cryptocurrency News by

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Amid the ongoing growth of the cryptocurrency lending industry, major crypto wallet service Blockchain.com launches a new lending product for all users, not just institutions.

After first launching an institutional crypto lending desk in August 2019, Blockchain.com is now rolling out its crypto lending service to all users across more than 180 countries, the United Kingdom-based firm announced to Cointelegraph on March 10.

Borrow allows users to borrow Paxos Standard against Bitcoin at the launch

The new lending product from Blockchain.com, dubbed Borrow, allows to users borrow Paxos Standard stablecoin (PAX) against Bitcoin (BTC) directly from the platform’s native cryptocurrency wallet.

At launch, Blockchain.com’s Borrow will only support PAX loans against Bitcoin, while the firm is planning to expand the platform to other assets in the near future, a spokesperson at Blockchain.com told Cointelegraph.

PAX stablecoin is one of the major United…

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