Top 3 crypto-backed loan companies in the world
Because small businesses and individuals currently need cash to pay for rent and cover other necessary day-to-day bills, they often borrow cash from crypto-backed loan providers. To do this, they sign up to borrow cash loans, using their cryptocurrencies as loan collateral. When their financial situations stabilize, they repay their loans to the crypto-backed loan service providers, in return for their digital coins back. In this article, we have outlined the top 3 crypto-backed loan leaders in the market today.
Crypto-Backed Loan Company: Nexo
Nexo is one of the first companies in this field. It issues loans from $1,000 to $2,000,000 and serves clients from all over the world. The platform has over $1 billion in crypto-backed loan requests.
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Crypto-Backed Loan Company: SALT Lending
SALT Lending is yet another crypto-backed loan platform. The company has over 64,000 platform members at this moment, and it already has $50 million in loans serviced.
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Crypto-Backed Loan Company: YouHodler
At this moment, YouHodler is the youngest and most competitive player in the market. Because the company wants to stay competitive with monster lenders like SALT and Nexo, it is offering better terms to its borrowers.
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So, before you sell off your digital crypto assets next time, first give crypto-backed loans a shot. They are definitely worth the try.
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