Blockchain.com has rolled out crypto-backed loans for Bitcoin, Ethereum and USDC holders worldwide. The exchange says interest rates start at 1.9%, putting it squarely in the competitive lending market. The move comes as crypto lenders try to rebuild trust after a turbulent few years.
BTC, ETH and USDC on the table
Users can borrow against three of the most liquid digital assets: Bitcoin, Ethereum and the stablecoin USDC. That means borrowers don't have to sell their crypto to get cash—they pledge it as collateral instead. Blockchain.com didn't specify loan-to-value ratios or minimum loan amounts in its announcement, but the rates are notably low compared to some rivals.
Rates starting at 1.9%
The 1.9% starting rate is an introductory offer. It's significantly cheaper than credit cards and many personal loans, though variable rates could shift with market conditions. For context, some centralized lenders charge 8-12% for similar products. The low teaser rate is clearly meant to attract early adopters.
A global rollout
Blockchain.com says the loans are available globally, though users in certain jurisdictions may face restrictions. The company has been expanding its suite of financial services beyond its core exchange and wallet offerings. This lending product lets it compete directly with firms like Nexo and Celsius—minus the regulatory headaches those platforms have faced in the past. The timing isn't accidental: with crypto prices still well below their 2025 peaks, many holders are sitting on unrealized gains and might prefer a loan to selling.
Blockchain.com hasn't disclosed how much capital it has set aside for the loan book or whether it will securitize the loans down the line. For now, it's a straightforward test of demand. If borrowers pile in, expect the rates to adjust quickly.
