Strike Launches Bitcoin Loan Product That Protects Holdings Even if BTC Price Crashes
The post Strike Launches Bitcoin Loan Product That Protects Holdings Even if BTC Price Crashes appeared on BitcoinEthereumNews.com. Key highlights: Strike introduced a new volatility-proof Bitcoin lending product Borrowers will not face margin calls or liquidations if Bitcoin’s price falls However, interest rates are high, ranging from around 10.7% to 14.2% APR On Tuesday, Strike launched a new Bitcoin loan product that would protect borrowers from forced liquidations during market downturns. According to the company, customers using the new service will not face margin calls or automatic liquidations simply because Bitcoin’s price drops. Introducing volatility-proof loans. Borrow against your bitcoin, and the price no longer has a say in what happens to your collateral. No margin calls. No price liquidations. Bitcoin falls 80%? Your stack stays yours. Make your payments. Keep your bitcoin. Ignore the price. https://t.co/yFIccHDy87 pic.twitter.com/Lz8AOxnLBt — STRIKE (@Strike) July 7,