Strike Bitcoin loans remove margin calls
The post Strike Bitcoin loans remove margin calls appeared on BitcoinEthereumNews.com. Strike has launched a Bitcoin-backed loan product built to remove margin calls and price-based liquidations. Summary Strike says its new Bitcoin-backed loans remove price liquidations while keeping payment duties in place. Borrowers avoid margin calls, but missed payments can still lead Strike to sell collateral. The product targets Bitcoin holders who need cash but do not want forced selling. Jack Mallers, Strike’s founder and chief executive, said the new product protects borrowers from forced selling when Bitcoin falls. He described the offer as a “volatility-proof” loan that lets users borrow dollars while keeping their BTC posted as collateral. Introducing volatility-proof loans by @Strike: bitcoin-backed loans the price can never liquidate. No margin calls. No price liquidations. No matter how far bitcoin falls, your bitcoin doesn’t move. Volatility is inevitable. Liquidation isn’t. Borrow doll