Bitget Launches Crypto Loans To Meet The Growing Demand For Lending Services


VICTORIA, Seychelles, July 4, 2023 — Bitget, top crypto derivatives and copy trading platform, has entered the rapidly expanding cryptocurrency loan sector with the launch of its native Crypto Loans product. The new offering is intended to attract a new audience of users dissuaded by traditional credit institutions and seeking alternative means of funding via digital assets.
Bitget’s Crypto Loans product is based on a dual-coin approach, allowing users to stake one coin from their holdings as collateral in exchange for the ability to borrow a corresponding amount in another coin. Each loan is issued at a specific interest rate to pay, with the borrowed amount determined by the market value of the staked collateral. The loans are issued within a predetermined period, users can choose to repay before or at the predetermined deadline.
Crypto loans have been gaining attention in recent years thanks to the overall growth of the digital lending sector, which surpassed the $8.5 billion mark in 2022 and is predicted to grow by a CAGR of 20.5% from 2023 to 2032. The report by Global Market Insights highlights the increasing reliance on traditional lending and its potential to drive the demand for digital lending products. As this trend continues, the smooth onboarding of traditional users will play a crucial role in the adoption of these solutions.
With this in mind, Bitget has streamlined the loan process to not only facilitate user onboarding but also replicate the familiar procedures found in traditional financial institutions. The first step involves staking collateral, followed by the automatic disbursement of the loan amount, ensuring a user-friendly and efficient experience for borrowers. After the loan has been received, users will have the flexibility to utilize the funds as needed, as well as adjust the collateral by adding or withdrawing based on their circumstances or individual requirements.
"Bitget's new product highlights the flexibility of collateralized currency usage, enhancing capital utilization. Users now have the opportunity to stake less-demanded coins, enabling them to obtain loans in more liquid assets for investment purposes. Our platform's flexible borrowing and repayment mechanism is designed to cater to the needs of all users, accommodating their requests and ensuring convenience," Gracy Chen, Managing Director of Bitget.
The platform also stresses the support for withdrawals and the swift review process on loan applications as selling points for the new product. Considering the high degree of security that Bitget boasts, as well as its market reputation as a reliable financial platform, users can be certain that security guarantees are in place and the safety of their collateral is ensured.
The Bitget exchange has been expanding its lineup of services in recent months, adding new products across a wide spectrum of cryptocurrency and traditional financial sectors. The recent investment in BitKeep and its subsequent rebranding into Bitget Wallet is one of the latest steps Bitget has undertaken to penetrate the Web3 space and create a single access gateway for users resorting to its ecosystem of products aimed at global crypto adoption.
About Bitget
Established in 2018, Bitget is the world's leading cryptocurrency exchange that offers Copy Trading services as one of its key features. Serving over 8 million users in more than 100 countries and regions, the exchange is committed to helping users trade smarter by providing a secure, one-stop trading solution. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi, the leading Italian football team Juventus, and official eSports events organizer PGL.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord
For media inquiries, please contact: [email protected]
- Press releaseBitget Lists Impossible Cloud Network (ICNT) for Spot Trading Victoria, Seychelles, 1 July, 2025 – Bitget, the leading cryptocurrency exchange and Web3 company, has announced the listing of Impossible Cloud NtonT), adding it its spot trading platform. Impossible Cloud Network is a permissionless cloud protocol. Trading for the ICNT/USDT pair will commence on 3 July 2025, 10:00 (UTC), with withdrawals available from 4 July 2025, 11:00 (UTC). Bitget will also launch a CandyBomb campaign with a total of 1,064,000 ICNT up for grabs. New users who trade on Bit
2025-07-01
- Press releaseBitget Turns Crypto Trading Into a Smart Conversation with GetAgentVictoria, Seychelles, July 1, 2025 — Bitget, the leading cryptocurrency exchange and Web3 company, is excited to officially launch GetAgent, a new AI-powered trading assistant designed to ease users' interaction and understanding of the crypto market. By combining advanced AI with real-time market data and trading tools, GetAgent is engineered to transform complex decision-making into a simple chat. Built for today’s fast-paced trading environment, GetAgent combines instant insights, real-time n
2025-07-01
- Press releaseBitget Lists MemeCore ($M) for Spot Trading Victoria, Seychelles, 30 June, 2025 – Bitget, the leading cryptocurrency exchange and Web3 company, has announced the listing of MemeCore in the Innovation, Public Chain and Meme Zone, adding it to spot trading. MemeCore is the first Layer 1 (L1) blockchain, built for meme culture. Trading for the M/USDT pair will begin on 3 July 2025, 10:00 (UTC), with withdrawals available from 4 July 2025, 11:00 (UTC). MemeCore is a L1 blockchain platform specifically designed for meme coins and decentralize
2025-06-30