Coinbase, the largest US crypto exchage, announced that they will be adding lending to US customers. The product will be available only in 17 states, but the company will actively pursue expanding in other states and countries.

Customers will be able to get loans up to 20.000$ with an 8% interest by using their Bitcoin holdings as collateral.

The customers won't need to go through a credit card check, they will only need to fill an aplication, receivint their loans in 2 to 3 days.

These types of loans can be really useful for people that need to meet short term needs but do not want to sell their crypto in order to do so. However, keep in mind that you can only borrow cash up to 30% of your total Bitcoin holdings.