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K33 launches cryptocurrency mortgage lending service supporting Bitcoin and Ethereum
Deep Tide TechFlow News, January 20th, according to Coinpost, the cryptocurrency broker K33 announced on January 19th the launch of a cryptocurrency collateralized loan service, allowing clients to use digital assets such as Bitcoin (BTC) and Ethereum (ETH) as collateral.
This service will enable clients to borrow stablecoins like USDC, increasing liquidity while retaining their digital asset positions. K33 is headquartered in Norway and is listed on the Nasdaq First North Growth Market.
K33 stated that cryptocurrency collateralized loans are not yet widely adopted in the Nordic region, and the service will initially be available to a select group of qualified clients. CEO Torbjørn Bull Jenssen said this move aims to enhance customer convenience, expand service offerings, and create new revenue cases for Bitcoin treasuries.