Silicon Valley Bank Report: Bitcoin Lending Market Hits $67B, Up 49% YoY

BTC-2.15%
According to CoinDesk, Silicon Valley Bank released a report stating that Bitcoin lending has entered a new institutional era following the 2022 crypto credit crisis, with stronger risk controls, increased institutional participation, and declining borrowing costs. Bitcoin-backed lending volume grew 49% year-over-year to $67 billion, with major U.S. banks now offering Bitcoin-backed credit services. The report indicates current Bitcoin lending rates range from 7.5% to 16%, with Ledn estimating the consumer BTC collateral loan market at approximately $3 billion currently.
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