VALR Introduces 'Borrow' Feature Allowing Crypto Holders to Access Extra Funds

VALR, Africa's leading crypto exchange and infrastructure provider, has launched 'Borrow', a new product that enables users to access extra funds without selling their crypto assets. This move aims to give users quick access to funds whenever they need them, without forcing them to sell the assets they believe in.

The Borrow feature allows users to take out a loan against their holdings of Bitcoin (BTC), Ethereum (ETH), and other supported crypto assets. By using crypto as collateral, users maintain ownership of their assets and remain positioned for potential price growth.

VALR's institutional security standards and world-class custody solutions ensure the borrowing process is fully automated with zero credit checks or traditional paperwork. Loan limits are calculated based on the value of the crypto selected as collateral and the risk profile of the asset.

'Our goal with Borrow is simple: to give our users quick access to funds whenever they need them, without forcing them to sell the crypto they believe in,' said Badi Sudhakaran, Chief Product Officer at VALR. The launch of Borrow further expands VALR's comprehensive product suite, which includes spot and margin trading, perpetual futures, staking, lending, VALR Pay, and OTC services.