GalaxyOne Launches Crypto Portfolio Credit Line, Supporting Borrowing Cash Against Bitcoin, Ethereum, and Solana Collateral

Odaily News Galaxy Digital's retail platform GalaxyOne has launched a crypto portfolio credit line, allowing qualified customers to borrow cash using Bitcoin, Ethereum, Solana, and staked SOL as collateral without selling their assets. This product supports combining multiple crypto assets as collateral, offering loans in USD or USDC through a single revolving credit line with no fees and an annual interest rate of 8.99%. It does not involve collateral re-staking and is initially available in 40 U.S. states. Zac Prince, Managing Director of GalaxyOne, stated that the product leverages Galaxy's institutional-grade infrastructure.