Asset management company Two Prime announced that Bitcoin (BTC)-backed loan demand has reached $2 billion.
Two Prime announced that its new service, which offers loans through cryptocurrencies, is in great demand. Two Prime’s Managing partner Alexander Blume said in his statement on the subject: September Crypto-backed loans that have been in service since 2 billion dollars He stated that he was in demand.
Crypto loans are generally available to investors. Bitcoin (BTC) or Ethereum (ETH) It involves a system in which they borrow money in fiat currency by providing collateral.
Blume explains that this demand is fueled by Bitcoin’s increasing adoption and investors becoming more liquidity get don’t from your desire He emphasized that it originated from
Blume Bitcoin-backed loans, investors their bitcoins without selling He emphasized that it allows them to buy, sell or invest in other assets.
The following statements were included in the details of the statement made by the managing partner:
We’ve seen nearly $2 billion in demand for bitcoin-secured loans since we started offering them in September. Since the soft launch of our loan offering on September 13, we have been surprised at how much demand there is for crypto-secured loans.