In a significant move within the cryptocurrency loan sector, Nebeus has announced the launch of its new crypto-backed loan program, injecting €250 million in liquidity.
Nebeus says the program is designed to cater to both individual and corporate clients and will offer competitive low-interest rates, allowing users to leverage their cryptocurrency assets for tangible financial gains. Customers can expect liquidity within 2-7 days of signing an agreement.
Nebeus lending rates have been among the most competitive surveyed by Mooloo over the last 12 months, with an 8% percent interest rate on a 50% LTV ratio loan over three months. The company even offers 0% interest on small loans (up to US$500) with a 50% LTV and three months to pay.
This move is particularly timely, considering the substantial growth in blockchain-based lending observed in 2023. Research from Allied Market Research highlights the burgeoning digital lending platforms market, which was valued at $11.5 billion in 2023. The report states the crypto lending sector is projected to expand at a compound annual growth rate (CAGR) of 22.1% in the coming years, indicating a robust future for digital lending solutions.
Crypto loans are increasingly popular during bull runs as borrowers can purchase additional cryptocurrency with borrowed funds, leveraging off their existing holdings.
A key aspect of Nebeus’ loan offering is the security of the loan collateral, which includes crypto holdings. These are safeguarded by Bitgo, one of the world’s largest custodians, managing over $64 billion in assets. Nebeus says the partnership with Bitgo reinforces Nebeus’ commitment to offering secure, reliable, and compliant financial services.
In response to growing customer demand, Nebeus says it is also exploring the expansion of its loan services to include interest-only and bullet loans, providing customers with more flexibility in their loan choices.
Registered and authorized by the Bank of Spain (number D664) as a Cryptocurrency Custodian, Nebeus also holds official registration as a VASP (Virtual Asset Services Provider).
