CryptoMediaClub
Wednesday, July 9, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Bitcoin

Brazilian Crypto Exchange Mercado Bitcoin Launched Flexible Crypto Collateralized Loans

15.08.2024
A A
0
134
VIEWS
ShareShare

Brazilian Crypto Exchange Mercado Bitcoin Launched Flexible Crypto Collateralized Loans

Mercado Bitcoin, one of the largest Brazil-based crypto exchanges, has launched a flexible loan product allowing users to receive credit in Brazilian reais secured by crypto collateral.

The credits will be limited to 30% of the total held in crypto in the exchange, and liquidations will not be automatically executed, being examined on a case-by-case basis instead.

Mercado Bitcoin Launches Crypto Collateralized Loans With Flexible Liquidations in Brazil

Brazilian centralized crypto exchanges are starting to offer crypto-based products in Brazil. Mercado Bitcoin, one of the largest cryptocurrency exchanges in the country, has announced a crypto-collateralized loan product that will be paid in national currency to its users.

This is the first product of its kind offered by the company, which received a payment institution license from the central bank last year.

To avoid the high risks associated with liquidations, Mercado Bitcoin will limit the loans to 30% of the cryptocurrency held by users in the exchange. This translates into a credit capacity of over $300 million, given that over $900 million are under exchange custody.

The credits will have an interest rate of 1.39% per month, one of the lowest rates for collateralized loans in Brazil, and only accept bitcoin and ether, the two largest cryptocurrencies by market capitalization. Other cryptocurrencies might be added at a later date.

Mercado Bitcoin stated that it would not liquidate customers’ collateral automatically. The exchange will seek to negotiate the execution and extend the client collateral until 35% if needed on a case-by-case basis, according to its CFO, Andre Gouvinhas.

This flexibility differentiates the platform from its decentralized finance counterparts, which execute liquidate users’ funds obeying smart contract logic.

The credit can be used to purchase crypto on the platform. Mercado Bitcoin also allows users to withdraw these loans in national currency for other purposes.

Gouvinhas remarked that this lending product could help users leverage their crypto holdings to get liquidity without selling them. He stated:

With crypto-collateralized lending, we are able to offer greater efficiency and reduced costs to clients. This product allows clients to leverage themselves to take advantage of market opportunities without having to divest their assets.

Share10Tweet6ShareSharePin2

Related Posts

Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost
Bitcoin

Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost

08.07.2025
0

BitcoinWorldBitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost In a significant move that underscores the growing confidence...

Read moreDetails
Bitcoin ETFs Soar: US Spot Funds Witness Astonishing $216M Inflows

Bitcoin ETFs Soar: US Spot Funds Witness Astonishing $216M Inflows

08.07.2025
DDC Enterprise’s Bold Bitcoin Move: Boosting Holdings to 368 BTC Signals Strategic Shift

DDC Enterprise’s Bold Bitcoin Move: Boosting Holdings to 368 BTC Signals Strategic Shift

07.07.2025
Canaan’s Astounding 1,484 BTC Holdings: A Bitcoin Mining Powerhouse Emerges

Canaan’s Astounding 1,484 BTC Holdings: A Bitcoin Mining Powerhouse Emerges

07.07.2025
Coinsilium’s Strategic Bitcoin Accumulation: A Bold Move in Digital Assets

Coinsilium’s Strategic Bitcoin Accumulation: A Bold Move in Digital Assets

07.07.2025
Load More
Next Post
Senate Majority Leader Schumer Intends to Pass Crypto Legislation This Year

Senate Majority Leader Schumer Intends to Pass Crypto Legislation This Year

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Brazil to Test CBDC Compatibility with DeFi

Brazil to Test CBDC Compatibility with DeFi

9 months ago
Price analysis 10/25: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC

Price analysis 10/25: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC

2 years ago

Bitstamp Aims for Global Expansion with Fundraising Efforts

2 years ago
Senator Kirsten Gillibrand Sings Kamala Harris’ Praises At Crypto Town Hall

Senator Kirsten Gillibrand Sings Kamala Harris’ Praises At Crypto Town Hall

11 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Dogecoin Price Prediction: Millionaire Scottie Pippen Eyes DOGE in His Top Picks – Is This the Catalyst Meme Traders Needed?

Tether Invests in Blockchain Analytics Firm Crystal Intelligence to Tackle Stablecoin Misuse

NFT Trading Falls Fifth Consecutive Quarter Down 80% to $823M, DappRadar Reports

AI Company CoreWeave Will Buy Bitcoin Mining Giant Core Scientific for $9 Billion

Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

One of Spain’s Largest Banks Launches Crypto Service for Retail Clients

Trending

Survey finds gaps in mainstream Bitcoin coverage, leaving institutional investors exposed
Analysis

Survey finds gaps in mainstream Bitcoin coverage, leaving institutional investors exposed

09.07.2025
0

A second-quarter survey of 18 mainstream news outlets logged 1,116 Bitcoin (BTC) stories and measured sentiment at...

Russian Embassy Demands US State Dept. Provide Updates on WEX CEO Dmitry Vasiliev

Russian Embassy Demands US State Dept. Provide Updates on WEX CEO Dmitry Vasiliev

09.07.2025
Stablecoin issuers’ $182 billion US Treasury hoard ranks 17th among countries, beating UAE and South Korea

Stablecoin issuers’ $182 billion US Treasury hoard ranks 17th among countries, beating UAE and South Korea

09.07.2025
Dogecoin Price Prediction: Millionaire Scottie Pippen Eyes DOGE in His Top Picks – Is This the Catalyst Meme Traders Needed?

Dogecoin Price Prediction: Millionaire Scottie Pippen Eyes DOGE in His Top Picks – Is This the Catalyst Meme Traders Needed?

09.07.2025
Tether Invests in Blockchain Analytics Firm Crystal Intelligence to Tackle Stablecoin Misuse

Tether Invests in Blockchain Analytics Firm Crystal Intelligence to Tackle Stablecoin Misuse

08.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz