Galaxy has introduced retail crypto-backed credit lines through its GalaxyOne platform, allowing clients to borrow cash against Bitcoin, Ethereum and staked Solana. The credit lines carry an annual percentage rate of 8.99%, according to Decrypt. Clients can access cash without selling the digital assets used as collateral. The offering covers three of the largest crypto assets by market focus: Bitcoin (BTC), Ethereum (ETH) and Solana (SOL). The source did not provide additional details on borrowing limits, eligibility requirements, collateral ratios, repayment terms or the launch date. The service is designed for GalaxyOne clients seeking liquidity while retaining exposure to their crypto holdings, although the supplied information does not include any assessment of the product’s risks or potential market impact.
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Decrypt
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