Galaxy Unveils Crypto-Backed Credit Line for US Clients

Galaxy has introduced a new credit line for US clients that allows them to borrow cash against Bitcoin, Ether, and Solana without selling their holdings. The facility combines eligible assets under one revolving loan with an 8.99% annual percentage rate and no origination fee.

Borrowers can access up to half the value of their collateral, known as a 50% loan-to-value ratio. The credit line is available in 40 US states and allows clients to withdraw dollars or USDC for expenses such as taxes and property purchases.

Galaxy monitors collateral continuously as its value changes. This new facility expands Galaxy's lending operations after the company introduced GOFR, a managed borrowing program for institutional clients earlier this year.