What does 90 LTV mean in the context of cryptocurrency loans?
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Can you explain the meaning of 90 LTV in relation to cryptocurrency loans? I've come across this term but I'm not sure what it refers to.
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3 answers
- Sure! In the context of cryptocurrency loans, 90 LTV stands for Loan-to-Value ratio of 90%. It represents the percentage of the loan amount compared to the value of the collateral. For example, if you have $10,000 worth of Bitcoin as collateral, a 90 LTV loan would allow you to borrow up to $9,000. This ratio is used to assess the risk of the loan and determine the maximum amount you can borrow.
Feb 19, 2022 · 3 years ago
- 90 LTV is a common term used in cryptocurrency loans. It refers to the Loan-to-Value ratio, which is the percentage of the loan amount compared to the value of the collateral. A 90 LTV means that you can borrow up to 90% of the value of your collateral. This ratio helps lenders assess the risk of the loan and determine the maximum loan amount they are willing to offer.
Feb 19, 2022 · 3 years ago
- When it comes to cryptocurrency loans, 90 LTV is an important metric. It represents the Loan-to-Value ratio, which is the amount of the loan compared to the value of the collateral. In simple terms, if you have $10,000 worth of Bitcoin as collateral, a 90 LTV loan would allow you to borrow up to $9,000. This ratio helps lenders manage the risk associated with cryptocurrency loans and ensures that borrowers have sufficient collateral to secure the loan.
Feb 19, 2022 · 3 years ago
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