Blockchain.com, a cryptocurrency wallets provider, has announced the launch of a retail lending program. From now on, the service's users can borrow USD against crypto, directly from a non-custodial wallet.
"Institutional and retail investors have the same financial goals – grow wealth and manage risks. Retail users can trade like the big guys without selling the crypto they've stockpiled or leaving their wallet," said Peter Smith, co-founder and CEO of Blockchain.com in an interview The Block.
Last year, Blockchain.com raised $50 million to invest in startups. Back then, Sam Harrison, one of the biggest Blockchain.com investors, was reportedly heading up the effort.
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