Crypto.com today announced the launch of cryptocurrency-backed loans on the Crypto.com Exchange. Users can now receive an instant loan when using their crypto as collateral.

Highlights

• Deposit accepted cryptocurrency and receive a loan instantly;
• Repay loans partially or in full at any time without early repayment fees;
• Interest rates as low as 1% APR, stake Crypto.com Chain token CRO to get the best rates

With Lending, both retail customers and institutions can choose loan terms that suit them, and make repayments based on the corresponding initial loan-to-value (LTV) ratios.

Key Loan Terms

Terms	Details
Loan Duration	Maximum duration: 12 months Note: Users can repay any amount at any time.
Number of Loans	Borrow up to 3 outstanding loans at a time.
Collateral Currencies	BTC, ETH, LTC, CRO Crypto.com plans to continually add new cryptocurrencies here.
Loanable Currencies	USDC, USDT Crypto.com plans to continually add new cryptocurrencies here.
Minimum Borrowing Amount	100 USDC or 100 USDT
Maximum Borrowing Amount (In total at a time)	USD 500,000 equivalent for retail users USD 1,000,000 equivalent for institutional users
Interest Rates	Preferable loan interest rates with higher CRO Stake or lower LTV: Initial LTV CRO Stake < 100K CRO Stake ≥ 100K LTV = 25% 2.00% APR 1.00% APR LTV = 33% 6.00% APR 4.00% APR LTV = 50% 8.00% APR 6.00% APR Note: The above table shows simple interest rates, which means the interest charges only apply to the loan’s principal amount, and are not compounded on earlier interest charges.