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Share this article LONDON, Feb. 10, 2021 /PRNewswire/ -- Crypto-backed lending service CEX.IO LOAN that launched in October 2020, has been experiencing major demand, receiving over $100M worth of loan requests to date. Most of the requests came from institutional investors, despite the service's popularity among retail clientele, as well. According to CEX.IO LOAN, such an increase in demand can be attributed to the institutionalization of the crypto-industry. Institutional investors in possession of cryptocurrencies regard it as collateral for borrowing funds and use it as such. They prefer...

Content provided by Last updated: 04/02 - 13:20 CEX.IO Limited (www.CEX.IO) announces extension of its regulatory permissions. Granted by the Gibraltar Financial Services Commission, CEX.IO Limited has received the Money Lender License. This license allows CEX.IO customers to instantly borrow funds against their cryptocurrency holdings without credit checks via the new CEX.IO LOAN service. The digital asset-backed lending service provides much needed capital to various crypto market participants, including investors, traders,...

Reading Time: 3min read CEX.IO LOAN experiences massive institutional demand for its crypto-backed lending service, with 41% of customers requesting to borrow cash against Bitcoin, 53% against Ethereum, and 6% against DeFi tokens. Crypto-backed lending service CEX.IO LOAN that launched in October 2020 in select global jurisdictions, has been experiencing major demand, receiving over $100 million worth of loan requests to date. While the service has been widely popular among retail investors, most of the platform’s loan requests came from institutional investors. According to CEX.IO LOAN, su...

London-based cryptocurrency exchange CEX.IO celebrates seven years of innovation and growth Crypto AM: Spotlight 2013 was the year Bitcoin came of age as an investment vehicle. At the start of 2013 the digital currency was trading at around $13.50 per Bitcoin. By the end of November 2013, Bitcoin was trading at over $1,075. At that time the cryptocurrency industry in the UK was new and still small and yet to experience the exponential growth it has enjoyed in recent years. (According to the FCA’s Cryptoasset consumer research note in June 2020, 5.35% of the UK population h...