Dear CoinEx Users:
We are pleased to announce that CoinEx Financial Services now supports "Crypto Loans" - It is a financial service that can meet short-term liquidity needs, where you can use one or more crypto assets as collateral to borrow other cryptocurrencies for trading, investment, or withdrawal, thereby increasing the liquidity and utilization of personal funds.
Key Features
1. Diverse collateral selection
CoinEx supports a wide variety of collateral coins, and you can collateralize multiple coins to borrow into a single coin, with simple and convenient operations, flexibly choosing from many options to match your asset portfolio.
2. Borrow and repay freely
After borrowing, you can repay the loan whenever fits your strategy. As long as the loan is within the liquidation threshold, you can hold the position indefinitely.
3. Higher loan-to-value ratios (LTV)
CoinEx offers higher initial collateral ratios - This means on CoinEx, you can leverage your collateral for bigger loans than elsewhere, allowing you to borrow more and further improve capital efficiency.
4. Flexible repayment methods
CoinEx supports repaying with collateral coins. In this case, when you lack enough borrowed coins to repay, you don't have to wait for liquidation, adding flexibility unique to CoinEx to repay without needing the borrowed coin, and directly repay with collateral coins on CoinEx.
Entrance
On Web: Log in to CoinEx official website, and click [Finance] - [Loans].
In App: Coming soon
Supported Assets
| Type | Assets |
| Collateral | BTC, ETH, USDT, BNB, XRP, DOGE, ADA, SOL, TRX, DOT, MATIC, LTC, SHIB, BCH, LINK, ATOM, ETC, ARB, CET |
| Loanable | USDT |
More assets will be added for loanable coins and collaterals, please stay tuned.
Loan Interest
Immediately upon successful borrowing, 1 hour of interest is generated. After the initial 1 hour, the loan interest accrues every o’clock hour going forward, and the interest is calculated ONLY on the outstanding loan balance (instead of on unpaid interest).
Interest at the time of borrowing = Loan amount * Daily interest rate / 24
| Coin | Daily Interest rate |
| USDT | 0.02% |
To learn more about CoinEx Crypto Loans, please visit Help Center >>
Risk Reminder
Please make independent investment decisions and bear transaction risks at your own discretion. CoinEx will not be liable for any losses caused by the use of this service. Please thoroughly read the Crypto Loan Tutorial, rationally assess your own risk tolerance, and make prudent decisions.
CoinEx reserves the right of final interpretation of this announcement.
CoinEx Team
Oct 13,2023