With cryptocurrency markets back to life, hodling sounds like a smart strategy once again. Cryptocurrency owners are now more likely to pledge coins to borrow fiat if they need it, rather than sell their appreciating digital assets. The spread of crypto-backed loans could also be a good indicator of investor sentiment. According to a source from the industry, the customer base has been growing.
Also read: Online Bank Mistertango Offers Crypto Companies Multiple Accounts and Ibans
Borrow Fiat, Keep Your Crypto
Prices of major cryptocurrencies have been rising in the past few weeks and demand for loans granted against digital assets is likely to follow suit, as more crypto investors lean towards hodling. Platforms providing crypto-backed loans have increased in the last couple of years. They are also now offering more diverse services, including interest on crypto savings. These companies are poised to benefit from the growing crypto market, considering the low interest rates maintained by central banks and…