APX Lending Offers Bitcoin, Ethereum Revolving Line of Credit
APX Lending has launched a new five-year revolving line of credit that allows clients to borrow against Bitcoin, Ethereum, or both. The facility is designed for clients who need flexible access to funds over an extended period.
The revolving structure enables clients to draw, repay, and redraw from the same credit line as their needs change, without having to start a new loan each time. Available credit adjusts dynamically with the market value of the collateral, rising or falling as the pledged Bitcoin and Ethereum appreciate or depreciate.
The facility carries no origination, prepayment, or liquidation fees and includes up to $250 million in collateral insurance coverage. Annual rates range from 10.49% to 11.99%, depending on the outstanding balance, and interest accrues only on the amount drawn.