Galaxy Introduces Crypto-Backed Credit Line for US Clients

Galaxy has launched a new credit line for its US clients, allowing them to borrow against their Bitcoin, Ether, and Solana holdings without selling their assets.

The facility combines eligible assets under one loan, with pledged collateral remaining protected and not rehypothecated. This means borrowers can access cash while keeping their crypto positions intact.

The Crypto Portfolio Line of Credit carries an 8.99% annual percentage rate and no origination fee, with interest-only monthly payments. Clients can generally access funds soon after opening a line, withdrawing dollars or USDC for expenses such as taxes and property purchases.

Galaxy offers the facility in 40 US states, starting with a 50% loan-to-value ratio. This means borrowers can initially access up to half the value of their eligible collateral. Galaxy monitors collateral continuously as its value changes.