What are the factors that determine the LTV ratio for cryptocurrency loans?

1 answers

• May 09, 2022 · 3 years ago
  The Loan-to-Value (LTV) ratio for cryptocurrency loans is determined by various factors. These factors can vary between different lending platforms and exchanges. For example, at BYDFi, the LTV ratio is influenced by factors such as the current market value of the cryptocurrency, the borrower's creditworthiness, and the overall market conditions. BYDFi aims to provide competitive LTV ratios to borrowers while ensuring the risk is adequately managed. It's important for borrowers to carefully consider these factors and choose a lending platform that offers favorable LTV ratios based on their individual circumstances. Remember, the LTV ratio can impact the amount of loan you can receive and the level of risk involved, so it's crucial to make an informed decision.
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