Bitcoin · Ethereum · Galaxy Digital · Coinbase · The Block
Galaxy broadens retail crypto lending with new BTC, ETH and SOL-backed credit line
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Galaxy Digital has launched a crypto-backed portfolio line of credit that allows eligible GalaxyOne clients to borrow cash against their cryptocurrency holdings without selling.
Key facts
- The product carries no origination fee and an 8.99% APR, offers instant funding in USD or USDC, does not rehypothecate collateral and is initially available in 40 U.S. states
- Coinbase lets eligible users borrow against crypto without selling, advertising rates as low as 5%, while Nexo Credit Line allows users to combine BTC, ETH, and more as collateral for a credit line
- Galaxy launched GalaxyOne in October 2025 as a unified platform and app offering crypto and stock trading to users in all U.S. states
- Galaxy Digital has launched a crypto-backed portfolio line of credit that allows eligible GalaxyOne clients to borrow cash against their cryptocurrency holdings without selling
Summary
The GalaxyOne Crypto Portfolio Line of Credit combines eligible assets as collateral, allowing clients to tap liquidity for expenses or investments while remaining invested in crypto. The new product is designed for investors who want to remain invested in crypto while "avoiding the burden and hurdles" that come with selling digital assets, according to the firm. "We're excited to bring a competitive crypto-backed borrowing product to market via our growing retail platform," Zac Prince, managing director of GalaxyOne, said in a press release. The product carries no origination fee and an 8.99% APR, offers instant funding in USD or USDC, does not rehypothecate collateral and is initially available in 40 U.S. states.