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CoinEx crypto exchange introduces Crypto Loans
Written by Written by AMBCrypto Team
Reviewed by Reviewed by AMBCrypto Team
Updated November 7, 2023
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Starting from Oct. 12, 2023, CoinEx, a top-tier cryptocurrency exchange ecosystem, is offering crypto loans. It accepts Bitcoin (BTC) and 18 major altcoins as collateral, the official team’s statement says.

Crypto Loans by CoinEx is introduced as an instrument for short-term liquidity needs that allows users to borrow cryptos for trading, investment or withdrawal by collateralizing one or more types of other crypto assets, thereby increasing the liquidity and utilization of personal funds.

Crypto Loans services should be described separately from loans associated with margin trading. Instead of short-term profits, therefore, crypto loans on CoinEx can be helpful in building midterm trading strategies.

Also, with loaned coins, CoinEx customers can diversify their portfolios and enjoy a variety of profitable services on the platform via a single interface.

As stressed by representatives of CoinEx, this addition is of paramount importance for the platform’s performance and adoption:

Crypto Loans not only helps users access more liquidity and improve capital efficiency but also offers a more diverse selection of financial tools. With CoinEx’s Finance section, users can now opt for AMM, Financial, and Loans based on their financial profile and investment goals.

In September 2023, the platform scored Golden Partner status at Singapore’s Token 2049 conference, one of the largest events in Web3.

Super-low interest rate for USDT loans

CoinEx accepts various tokens as collateral for USDT loans. The range of assets supported includes Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), XRP, Dogecoin (DOGE), Cardano  (ADA), Solana (SOL), Tronics (TRX), Polkadot  (DOT), Polygon (MATIC), Litecoin (LTC), Shiba Inu  (SHIB), Bitcoin Cash (BCH), Chainlink (LINK), Cosmos (ATOM), Ethereum Classic (ETC), Arbitrum (ARB), as well as CET, the platform’s native utility token.

All loans are available with a 0.02% daily interest rate. Also, the exchange offers one of the highest loan-to-value ratios in the industry.

On CoinEx, if a borrower cannot repay a loan with the coin they borrowed, they could simply pay off the debt with collateral. This totally removes the need for forced liquidations and alternative liquidity injections.

Disclaimer: This is a paid post and should not be treated as news/advice.

Disclaimer: AMBCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.

AMBCrypto Team

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AMBCrypto Team is constituted by a vastly experienced team of professional journalists and analysts. Each one of us is driven to deliver the most important, the most insightful stories and analyses of the day. Whether you're a casual enthusiast or a trader or an investor, we make sure you get the most objective, accurate, and time-sensitive story at your fingertips.

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