Galaxy Offers Crypto-Backed Credit Lines on Bitcoin, Ethereum, and Solana

Galaxy Financial Services has launched a new product called Crypto Portfolio Line of Credit (PLOC) that allows eligible clients to borrow cash against Bitcoin, Ethereum, and Solana without selling their assets. This means users can pledge their BTC, ETH, and SOL inside one revolving line instead of taking separate loans for each asset.

The PLOC has a variable annual percentage rate of 8.99% and a 50% origination loan-to-value ratio. For example, if a client wants to borrow $100,000, they would need to pledge at least $200,000 in assets. This product is available on Galaxy's GalaxyOne platform.

The launch of PLOC comes as the crypto market continues to see significant inflows into Bitcoin ETFs. According to prediction markets, there's a 90% chance that Bitcoin will not reach its all-time high in 2026.