Strike Launches Bitcoin-Backed Lending Service Allowing Access Without Selling, Powered by Morpho Labs

Jack Mallers, CEO of Strike, has announced the launch of Strike Lending, a Bitcoin-backed lending service that allows users to access their Bitcoin wealth without selling their holdings. The service leverages Bitcoin as collateral to provide loans, enabling users to unlock liquidity while retaining ownership of their digital assets. This development follows the growing trend in decentralized finance (DeFi), with platforms like Coinbase already facilitating over $130 million in Bitcoin-backed loans powered by Morpho Labs. Strike Lending aims to expand access to Bitcoin-backed financial products, integrating with existing crypto infrastructure to support users’ borrowing needs. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant