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Borrow against your crypto, free up funds
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Since launching Borrow, we’ve seen a steady increase in the number of users borrowing against their crypto.
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Here’s how some of our users have been using their borrowed funds:
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- 33% of borrowers have used their borrowed funds to trade crypto.*
- 40% have withdrawn their borrowed funds, with the majority converting stablecoins to ZAR and withdrawing rands, while others initiated crypto withdrawals.
- USDT is the most commonly borrowed asset, followed by USDC.
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* Borrowing to increase exposure to major crypto assets such as Bitcoin is best achieved with VALR’s Spot Margin product. Borrowing to trade crypto here refers to alternative crypto assets.
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If you want to explore Borrow on VALR, but you’re unsure how it works, check out our product walkthrough video, where we show you how you can get started with borrowing and address the most frequently asked questions.
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But Borrow is only half the story.
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Where there are borrowers, there are lenders. If you have dollar-backed stablecoins such as USDT or USDC and prefer to earn yield on your savings, you can do so with Variable Earn.
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Over the past month, the average APR was:
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- 9.69% for USDT and 7.62% for USDC.
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By making use of VALR's Borrowing services, you acknowledge and agree that you have read and understood VALR's Risk Disclosures, Terms of Service and Earn Terms of Service, and that borrowing crypto assets carries inherent risks which may result in loss of capital, including the loss of some or all of the crypto assets or fiat currency provided as collateral.
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Have a question? We're here to help
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Trading or investing in crypto assets is risky and may result in the loss of capital as the value may fluctuate. VALR (Pty) Ltd is a licensed financial services provider (#FSP 53308).
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