K33, a cryptocurrency broker based in Norway, has launched a new service allowing clients to use Bitcoin (BTC) and Ethereum (ETH) as collateral for loans. Announced on January 19, the service enables customers to borrow stablecoins like USDC, enhancing liquidity while maintaining their digital asset positions. Initially, this offering will be available to a select group of qualified customers.
The company, listed on the Nasdaq First North Growth Market, aims to address the limited adoption of cryptocurrency collateral loans in the Nordic region. CEO Torbjørn Bull Jenssen highlighted that the initiative seeks to improve customer convenience, broaden service offerings, and create new revenue opportunities for Bitcoin holdings.
K33 Introduces Crypto Collateral Loan Service for BTC and ETH
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