OKX launches Flexible Loans against crypto collateral
OKX has introduced Flexible Loans, letting users borrow up to 500,000 USDC against their crypto at about 3% a year, with VIP limits up to 4.5M USDC. Borrowers keep their crypto holdings while unlocking liquidity from the exchange app, announced via OKX's official X account.
- Borrow up to 500,000 USDC at roughly 3% annualized, VIPs up to 4.5M USDC
- Crypto stays in the user's possession while loaned against
- OKX notes the product is not a regulated crypto-asset service under MiCA and carries no MiCA consumer protections; OKX Europe Ltd is authorised by the MFSA
Sources
- Legal Stuff: Flexible Loan is not a regulated crypto-asset service under MiCA and does not benefit from the protections applicable to MiCA-regulated crypto-asset services. Crypto is volatile. You can lose everything you invest. OKX Europe Ltd, authorised by the MFSA. Replying to their earlier post: Introducing Flexible Loans. Borrow up to 500,000 USDC against your crypto at about 3% a year, with VIP limits up to 4.5M USDC. Keep your crypto. Unlock serious liquidity.x.com ↗
- Introducing Flexible Loans. Borrow up to 500,000 USDC against your crypto at about 3% a year, with VIP limits up to 4.5M USDC. Keep your crypto. Unlock serious liquidity.x.com ↗
- Introducing Flexible Loans. Borrow up to 500,000 USDC against your crypto at about 3% a year, with VIP limits up to 4.5M USDC. Keep your crypto. Unlock serious liquidity.x.com ↗
