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Bitget Launches 'Dual-Coin' Crypto Loans to Boost Investor Liquidity

Bitget is all set to launch a cryptocurrency lending program for users that will let them stake their own coins in exchange for loans in another. The derivatives trading platform says the program is aimed at borrowers who are dissatisfied with traditional lenders. Gracy Chen, managing director at BitGet, said that the loan program helps borrowers grow their investment portfolio beyond the coins they currently hold. "Bitget's new product highlights the flexibility of collateralized currency usage, enhancing capital utilization," said Chen in a press release. In its Crypto Loans program, Bitget says that borrowers will have a chance to use their coins to get a loan.

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