OKX launches Flexible Loans against crypto collateral
OKX's Flexible Loans are now live on The New Money App, letting users borrow up to 500,000 USDC against their crypto at roughly 3% a year, with VIP limits up to 4.5M USDC. Borrowers keep their crypto holdings while unlocking liquidity, and can put borrowed USDC into trading or X Drops, or convert and withdraw it for everyday use. The exchange frames it as "your crypto stays, your liquidity moves."
- Borrow up to 500,000 USDC at about 3% annualized, VIPs up to 4.5M USDC
- Borrowed funds can be deployed into trading, X Drops, or withdrawn for daily spending
- 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
- Flexible Loans are now live on The New Money App. Borrow USDC at a low interest rate against your holdings, put it into trading or X Drops, or convert and withdraw it for everyday use. Your crypto stays. Your liquidity moves. https://t.co/wKAE5w7ERbx.com ↗
- 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 ↗
