VALR Launches Borrow: Instant Crypto-Backed Loans Without Selling Assets

VALR, Africa's leading crypto exchange and infrastructure provider, has launched 'Borrow', a new product that allows users to access extra funds without selling their crypto assets. This service is designed for both everyday investors and corporate clients.

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

VALR's Chief Product Officer, Badi Sudhakaran, stated that the goal with Borrow is to provide users with quick access to funds without forcing them to sell their crypto holdings. He added that this service offers a seamless bridge between long-term crypto asset ownership and immediate financial flexibility.