Content provided by Last updated: 04/02 - 13:20
CEX.IO Limited (www.CEX.IO) announces extension of its regulatory permissions. Granted by the Gibraltar Financial Services Commission, CEX.IO Limited has received the Money Lender License.
This license allows CEX.IO customers to instantly borrow funds against their cryptocurrency holdings without credit checks via the new CEX.IO LOAN service.
The digital asset-backed lending service provides much needed capital to various crypto market participants, including investors, traders, HODLers, startups, entrepreneurs, and large enterprises. At the same time, CEX.IO LOAN users can borrow any amount between $500 and $500,000 with flexible durations (ranging from seven days to one year) and a competitive loan interest starting at 14% to 8.4% per year.