Bitstamp Launches New Lending Services in Europe, Hong Kong, and UAE

According to reports, Bitstamp, the cryptocurrency exchange, announced today the launch of new lending services in the new European market, Hong Kong, and the United Arab Emirates. Bitstamp collaborates with Finnish loan company Tesseract to provide a white label platform. Borrowers on the Tesseract platform must provide 100% collateral for stable currency loans. The partner uses different legal entities to separate customer loans and assets from Tesseract’s other partners.

Bitstamp launches new lending services in the crypto friendly market

Bitstamp, one of the oldest cryptocurrency exchanges in the world, has announced the launch of its new lending services in the European market, Hong Kong, and the United Arab Emirates. The company is collaborating with the Finnish loan company Tesseract to provide a white label platform for its users. This new platform is designed to provide borrowers with the ability to receive loans in stable currencies, using their cryptocurrency holdings as collateral.

How the Lending Services Work

According to reports, Bitstamp’s new lending services will allow borrowers to receive loans in stable currencies, which can be used to purchase additional cryptocurrencies or used for any other purpose. These loans will be offered on a white label platform provided by Tesseract, which will allow Bitstamp’s users to access the platform directly from the Bitstamp website.
To receive a stable currency loan, borrowers will be required to provide 100% collateral in the form of their cryptocurrency holdings. This collateral will be held in a separate account, so borrowers can still access their funds while the loan is active. Once the borrower has repaid the loan in full, the collateral will be returned to their account.

Tesseract’s Role in the Platform

Bitstamp has partnered with Tesseract to provide this new lending platform to its users. Tesseract will be responsible for providing the white label platform and managing the legal and regulatory requirements for the loans.
One of the key features of the platform is the use of multiple legal entities to separate customer loans and assets from Tesseract’s other partners. This will ensure that borrowers’ funds are kept safe and secure, even if there are issues with other partners on the platform.

Benefits of Bitstamp’s New Lending Services

The new lending services offered by Bitstamp have several benefits for borrowers. First, borrowers can receive loans in stable currencies using their cryptocurrency holdings as collateral. This provides a way for borrowers to access liquidity without having to sell their cryptocurrency assets.
Second, the use of Tesseract’s white label platform ensures that borrowers are working with a reputable loan company that has experience in the industry. This provides borrowers with added peace of mind that their funds are safe and secure.
Finally, the use of multiple legal entities on the platform provides an added layer of security for borrowers. This ensures that even if there are issues with other partners on the platform, borrowers’ funds are still protected.

Conclusion

Bitstamp’s new lending services provide a way for cryptocurrency holders to access liquidity without having to sell their cryptocurrency assets. By using their cryptocurrency holdings as collateral, borrowers can receive loans in stable currencies, which can be used for any purpose. The use of Tesseract’s white label platform and multiple legal entities provides added peace of mind for borrowers, ensuring that their funds are safe and secure.

FAQs

**1. What is Bitstamp?**
Bitstamp is one of the oldest cryptocurrency exchanges in the world, founded in 2011. It allows users to buy, sell, and trade various cryptocurrencies.
**2. What is Tesseract?**
Tesseract is a Finnish loan company that provides white label lending platforms for other companies.
**3. What are stable currencies?**
Stable currencies are cryptocurrencies that are pegged to another asset, such as the US dollar or gold. This helps to reduce volatility and provide more stability for users.