APX Lending Offers Five-Year Revolving Credit Line for Bitcoin and Ethereum Holders

APX Lending has launched a five-year revolving line of credit for clients who hold Bitcoin, Ethereum, or both. This facility allows borrowers to draw, repay, and redraw as their needs change without having to start a new loan each time. The line of credit carries no origination, prepayment, or liquidation fees and includes up to $250 million in collateral insurance coverage.

The facility can use both Bitcoin and Ethereum together to calculate borrowing capacity. For example, a client holding $200,000 of Bitcoin and $100,000 of Ethereum can apply the combined $300,000 toward a single credit line. This supports up to $180,000 of borrowing capacity at 60% loan-to-value.

APX's revolving structure is available for clients who need money for various purposes, such as purchases, investments, or business expenses. The company has stated that this product has been in high demand from their clients. APX Lending was the first digital-asset-backed lender approved by Canadian securities regulators and is registered with both FINTRAC and FinCEN.