Galaxy launched on August 25 the Crypto Portfolio Line of Credit on its GalaxyOne platform, enabling eligible U.S. clients to borrow cash against Bitcoin, Ethereum, and Solana without selling their assets. The product carries a variable 8.99% APR, a 50% loan-to-value ratio, and no origination fee. It is available in 40 states, excluding California, Delaware, Idaho, Indiana, Minnesota, Mississippi, Missouri, Nevada, and South Dakota. Galaxy emphasizes safety by stating that pledged collateral is not rehypothecated, distinguishing itself from failed 2022 crypto lenders such as Celsius, BlockFi, and Voyager. The launch comes as crypto market sentiment hit « extreme greed » for the first time since 2024, with Bitcoin and Ethereum ETFs attracting $23 billion in one week.
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