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CryptoNewsBreaks – Nebeus Adds AVAX-Backed Loans

Company: Nebeus
Category: News

Nebeus, the cryptocurrency and crypto-backed lending app, continually seeks innovative methods to help clients to grow and enhance their crypto investments. While Nebeus users have previously been able to buy, sell, trade, and exchange Avalanche (“AVAX”), AVAX can now be used as collateral for Nebeus crypto-backed loans. According to the announcement, the new feature allows users to borrow against their Avalanche investments. Nebeus AVAX-backed loans include Quick Loans that are immediate, pre-approved and come directly from Nebeus’s treasury, offering a 50% loan-to-value ratio at 0% interest for three months. In addition, Flexible Loans are tailored to individual requirements, allowing customers to borrow up to 80% LTV in FIAT money or crypto up to a maximum of 250,000 and with loan terms ranging from one to 36 months. Flexible Loans are zero risk as they are covered by a 10-day buffer period to take action in the event of a margin call, with all deposited collateral insured for up to $100 million by Lloyd’s of London. Best of all, Nebeus users have the ability to activate an Auto Margin Call Management option, which allows Nebeus to automatically manage crypto collateral if approaching a margin call.

To view the full press release, visit https://ccw.fm/jEbDX

About Nebeus

Nebeus is a leading European cryptocurrency and crypto-backed lending app and desktop platform that allows users to utilize their crypto investments to get instant loans in FIAT currencies, stablecoins and crypto. Additionally, Nebeus offers an ecosystem of cryptocurrency services that let users exchange crypto, earn using their crypto, and even buy $100M insurance for their Bitcoin and Ethereum. For more information, visit https://ccw.fm/3I6Ef.

About CryptoCurrencyWire (“CCW”)

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