Brazilian Crypto Exchange Mercado Bitcoin Launched Flexible Crypto Collateralized Loans

Quick Summary:

Mercado Bitcoin, one of the largest Brazil-based crypto exchanges, has launched a flexible loan product allowing users to receive credit in Brazilian reais secured by crypto collateral.

This is the first product of its kind offered by the company, which received a payment institution license from the central bank last year.

Mercado Bitcoin stated that it would not liquidate customers’ collateral automatically.

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Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets: IndiaBrazil

Topics: Bitcoin News News Launched Crypto exchange Collateralized Flexible Crypto Loans Latest News Brazilian Mercado Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-15 @ 04:04:05 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 344 words

Reading Time: 2 minutes read

Sentences: 21 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22084123

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 20 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 10 hours ago

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