Mercado Bitcoin offers users the opportunity to receive loans in Brazilian Reals by using their crypto assets as collateral. This innovative loan product allows crypto asset owners to obtain liquidity without selling their assets, while providing flexibility in the liquidation process. The loan amount will only be 30% of the crypto assets held on the exchange, and liquidations will not be automatic, but will be reviewed on a case-by-case basis.

Mercado Bitcoin, one of Brazil’s leading cryptocurrency exchanges, has begun offering crypto-collateralized loans to its users. This product stands out as the company’s first innovative service after receiving a payment institution license from the Brazilian Central Bank. The credit limit is limited to 30% of the crypto assets held on the exchange, aiming to reduce the risk of asset loss.

Mercado Bitcoin states that the liquidation process will not be automatic, but will be evaluated on a case-by-case basis. The company’s CFO, Andre Gouvinhas, stated that the collateral ratio can be expanded to 35% if necessary and that each situation will be evaluated individually. This approach differs from decentralized finance (DeFi) platforms; because liquidations on DeFi platforms occur automatically within the strict rules of smart contracts.

Offering a low monthly interest rate of 1.39% on its loan product, Mercado Bitcoin offers one of the most competitive rates among collateralized loans in Brazil. Initially accepting only Bitcoin and Ethereum as collateral, the exchange plans to add other cryptocurrencies in the future. Users can use these loans for different purposes, either by purchasing cryptocurrencies on the platform or by withdrawing them in national currency.

Gouvinhas stated that this new product offers users the chance to obtain liquidity and evaluate market opportunities without selling their crypto assets. In this way, customers will have the opportunity to profit from market movements without disposing of their assets. This flexible credit product offered by Mercado Bitcoin seems to be opening a new era in the Brazilian crypto market and allowing crypto asset owners to manage their financial strategies more effectively.

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