New Record High Levels for Crypto Loans
The crypto loans are a relatively new product that was issued through crypto exchanges and protocols to enhance the liquidity in the market.
At this moment, there are around $11 billion in loans in the crypto ecosystem, while half of them are based on the Aave protocol. Almost all loaning protocols are using Ethereum as the basis and some layers that are designed for the use case.
The loaning of new Ethers is carried out for new investments in new projects, either a new cryptocurrency, or a NFT project. This means that the borrowed cryptos ended up again in the market and are recycled in it.
The most risky loans are calculated around $1 billion, so the market is not heading up towards any unusual paths for now.
This move is showing that the market is maturing and will create new opportunities for profits and business activities.
Our company, BCASH™, is a licensed Greek company by the Hellenic Capital Market Commission (exchange license) and manufactures/operates cryptocurrency ATMs throughout Greece. One of the locations is at Pireaus, Greece, while you can find all the locations where our ATMs are placed at https://bcash.eu/en/locations
Almost all of the spaces are private and autonomous with high-security standards. Most of the locations offer free wireless internet connection.
At BCASH™ ATMs, you can buy and sell cryptocurrencies at the best market rate, such as Bitcoin | Ethereum | USDT | Litecoin | Dash | XRP | XLM.
If you have any questions, you can contact our customer support service at +30 6987812000 & +30 6998499499 (Viber, Whatsapp, Telegram supported).
