New updates have been reported about Blockchain.com.
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Blockchain.com has launched a global crypto-backed lending product, moving deeper into credit services and broadening its consumer and wealth offerings for high-value clients. The new in-house Crypto-Backed Loans allow users to borrow against holdings such as Bitcoin, Ethereum, and USDC without selling, with rates starting at 1.9% annually, positioning the company as a price leader in a market now exceeding $70 billion in outstanding crypto credit.
The company, which operates in more than 70 jurisdictions and has processed over $1.2 trillion in transactions, is targeting large and long-term asset holders seeking liquidity for major expenditures while preserving upside in their crypto positions. CEO Peter Smith said crypto-backed lending is among the most requested products on the platform and highlighted Blockchain.com’s existing liquidity, risk infrastructure, and institutional servicing as a basis to scale this business, with plans to extend into lending transfers for high-net-worth individuals and to aggressively capture market share versus traditional and crypto-native lenders.