Borrow cash against bitcoin

May 6, 2025

You can now borrow cash against bitcoin in the app without selling your bitcoin. The option is open to individuals across the US and to businesses in 38 states at launch. Open a loan with no origination fee, and close it after 60 days with no fee. You can borrow up to 50% of your collateral value with an APR that falls as your loan grows. Funds land in your balance at once and are ready to withdraw within one business day.

We hold your collateral 1:1 and return it within one business day of repayment. Borrowing isn’t a taxable event. You can repay in cash with a 10-day grace period at maturity or in collateral to close at maturity. A margin call starts at 70% loan-to-value, with automatic partial liquidation at 85% to protect the loan.

Read the announcement