The popular crypto-platform Crypto.com, which, in particular, specializes in issuing crypto-loans, appealed to its users with an urgent demand to return previously received loans within a week. To see how much bitcoin costs now – visit biti codes

It is noted that such a radical decision by the management of Crypto.com was made only a month after the BlockFi platform was fined by the regulator for $100 million. According to available data, the US Securities and Exchange Commission explained the imposition of a fine on BlockFi due to the service’s provision of unregistered credit goods.

As of today, it is also known that credit services provided by Gemini and Celsius trading exchanges have become the subject of an SEC investigation.…

Advantages of crypto loans

• Cryptoloans are issued to anyone who can provide collateral or return funds as an instant loan. Due to this quality, they are easier to obtain than a loan from a traditional financial institution, and there is no need for a credit check.
• The smart contract automates the entire process, making lending and borrowing more efficient and scalable.
• This is an easy way to earn passive income with minimal effort. Holders can put their cryptocurrency in a vault and start earning annual interest income without having to manage their credit.

When acted responsibly, crypto-lending platforms provide value to both the borrower and the lender.…