The encryption loan platform APX Lending has secured $20 million in funding and plans to expand its operations in Canada.

robot
Abstract generation in progress

According to Deep Tide TechFlow news on April 11, as reported by CoinDesk, the encryption loan platform APX Lending has secured a $20 million scalable loan facility provided by the private sale credit investment company Cypress Hills. This facility allows the borrower to increase the borrowing limit without renegotiating the overall protocol.

The APX Lending plan aims to use this funding to accelerate business expansion in Canada to meet the growing demand for encryption collateral loans. Earlier this month, APX obtained an exemption from the Canadian Securities Administrators (CSA) to waive certain registration and prospectus requirements.

APX Lending founder and CEO Andrei Poliakov stated that this scalable loan limit is an important step for the company in providing transparent, secure, and convenient encryption collateral loan services for Canadian users.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)