The popular crypto exchange MEXC has announced the launch of a loan service that will allow users to obtain funds using Bitcoin (BTC) as collateral. This is a step toward expanding financial instruments on the platform, where traders can leverage their assets to gain liquidity without the need to sell them. At launch, the service accepts only BTC as collateral, making it accessible to holders of the primary cryptocurrency. However, expanding to other coins is just a matter of time, given MEXC's development dynamics.
The product is still in its early stage: loans are issued for a fixed term at a predetermined interest rate. A positive aspect is the absence of penalties for early repayment, which adds flexibility. However, partial repayment to reduce the loan-to-value (LTV) ratio is currently unavailable, making the service somewhat "raw" for advanced users.
To test the new feature, register on MEXC (20% discount on fees) and check the loans section in your personal account. MEXC continues to strengthen its position as an innovative platform: with low fees and a wide assortment, it attracts both beginners and professionals. If you hold BTC, this could become a convenient way to monetize hodling without the risk of volatility.
