Singapore, Singapore, December 2nd, 2024, Chainwire
In today's dynamic crypto market, users are increasingly seeking financial products that offer flexibility and efficiency. To meet this demand, HTX has officially launched its highly anticipated flagship Crypto Loans product, featuring flexible and dynamic interest rates, at 03:00 UTC on December 2, 2024. This product offers many key advantages, such as dynamic interest rates, high loan-to-value (LTV) ratios, no loan limits, and zero fees, enabling users to enjoy a more flexible, efficient, and worry-free crypto borrowing experience. Flexible loans in USDT, BTC, and ETH are currently supported, with collateral assets such as USDT, BTC, and ETH accepted. There are plans to expand the range of loanable and collateral assets for Flexible Crypto Loans in the future. Meanwhile, the first phase of HTX's limited-time "Borrow & Earn" event will also kick off, with a prize pool of 2,700,000,000 $HTX up for grabs.
Flexible, Efficient, and Worry-Free Loans
HTX's Flexible Crypto Loans, a groundbreaking lending product, is designed with both market demand and user experience in mind. It introduces three key features:
Dynamic Interest Rates: Optimizing Borrowing Costs
HTX's Flexible Crypto Loans product empowers users with competitive interest rates within the industry by real-time adjustments according to market conditions. This mechanism helps users avoid the cost burdens of fixed rates while ensuring favorable terms throughout their borrowing, without the need for frequent strategy adjustments.
Ultimate Flexibility: No Loan Limit, Flexible Repayment
Tailored for a broad range of users—from retail investors to institutional investors—this product supports both small turnovers and significant capital deployments. Users can borrow and repay at any time based on their specific needs, benefiting from a tailored capital management solution in dynamic market conditions.
High LTV Ratios and Zero Fees: Lowering Thresholds and Cutting Costs
With a highly effective staking mechanism, users can maximize their leverage with fewer assets. The product caters to diverse investment and trading needs, enhancing asset utilization efficiency. Additionally, the elimination of extra fees ensures a more efficient and cost-effective borrowing experience.
Exclusive Benefits: Split 2,700,000,000 $HTX Prize Pool (NASDAQ: POOL ) by Joining "Borrow & Earn" #1
To celebrate the launch of Flexible Crypto Loans, HTX is also unveiling the "Borrow & Earn" event, offering a prize pool of 2,700,000,000 $HTX. During the event period (03:00 (UTC) on December 2 - 03:00 (UTC) on December 8), a user who borrows USDT via Flexible Crypto Loans will share the $HTX prize pool based on the proportion of their interest expenses on USDT flexible loans relative to the platform's total interest earnings from the same product (limited to USDT flexible loans). The larger the proportion of the user's cumulative interest expenses, the greater their share of the $HTX prize pool.
A surprise bonus also makes this event more exciting. If the platform's lending volume of USDT flexible loans reaches 30 million USDT by the end of the event, the prize pool for the next phase of the "Borrow & Earn" event will be doubled, providing more rewards to users.
Catering to Diverse User Needs, Reshaping the Future of Crypto Lending
HTX has always upheld a user-first philosophy, backed by a world-class technical team that deeply understands user needs. From flexible, dynamic interest rates to zero-fee features, HTX continually optimizes its products with user demand at the core. As a result, HTX can deliver tailored solutions to meet the unique needs of retail investors, high-frequency traders, and institutional investors alike.
For High-Frequency Traders and Arbitrageurs : The flexibility to borrow and repay freely, along with a high LTV ratio, empowers traders to seize fleeting market opportunities. The streamlined process also eliminates the cumbersome steps typically found in traditional lending products.
For Long-Term Investors : The product enables users to access additional capital for investment and maintain their existing asset holdings.
For Institutional Investors : HTX minimizes financing costs by offering a high LTV ratio and zero fees. It also provides customizable fund management solutions, helping enhance the operational efficiency of institutional investors.
Looking ahead, HTX will remain committed to developing more innovative products that meet evolving market needs. With improved services and cutting-edge technology, the platform aims to help users grow their assets and inject fresh momentum into the global crypto market. Experience HTX's Crypto Loans product with flexible and dynamic interest rates now and explore a new chapter in crypto finance.
About HTX
Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.
As a world-leading gateway to Web3, we harbor global capabilities that enable us to provide users with safe and reliable services.
HTX's growth strategy - "Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance", underpins their commitment to providing quality services and values to virtual asset enthusiasts worldwide.
Website: https://www.htx.com/
Contact Ruder Finn Asia htx@ruderfinn.com
This article was originally published on Chainwire