Staking-backed loans

15 September 2020 – Bitcoin Suisse is pleased to announce a new, unique offering for its clients: staking-backed loans. Clients who stake DOT (Polkadot), XTZ (Tezos), DASH (Dash) and ADA (Cardano) with Bitcoin Suisse may use their holdings as collateral for loans in fiat (USD, CHF, EUR, GBP or DKK) or cryptocurrencies (BTC and ETH). Staking-backed loan amounts begin at 100 000 USD. This is the first such staking-backed loan offering on the market.

As a pioneer in the crypto-financial services industry, Bitcoin Suisse is continually leveraging new advancements in blockchain technology to offer its clients additional opportunities as the industry develops. Since 2018, clients of Bitcoin Suisse have been able to use their cryptocurrency and fiat holdings as a collateral for loans.

Now as proof-of-stake (PoS) blockchains have increased in popularity, there is growing interest in locking stakeable cryptocurrencies in PoS networks, which may result in limited liquidity. Bitcoin Suisse is helping to solve this problem by allowing clients to take collateralized loans in BTC and ETH as well as major fiat currencies against their holdings of DOT, XTZ, DASH and ADA which they stake in Bitcoin Suisse’s all-in-one staking service. This makes it possible to both continue earning regular staking rewards, while also capitalizing on advantageous market conditions or deploying liquidity for other purposes.

Bitcoin Suisse Founder and Chairman Niklas Nikolajsen commented: “Interest in our staking service has increased over the past few months, but we also see that clients need flexibility while their holdings are locked in staking protocols. That’s why we reacted quickly to bring this new service to market.”

This staking-backed loan service reflects Bitcoin Suisse’s unique combination of technical and market experience in the crypto-financial services industry. With strong expertise in lending, as well as institutional-grade custody, it can offer flexible services and unlock additional value for its clients.

More information about collateralized lending with Bitcoin Suisse available here.