Online investing platform BnkToTheFuture has agreed to buy Salt Lending for an undisclosed amount to give users the ability to borrow against their crypto holdings just as lenders such as Celsius Network and Voyager Digital freeze withdrawals and seek protection from bankruptcy.
The firm, which allows qualifying clients to invest in crypto companies, security tokens and alternative financial products such as bitcoin-centered retirement plans, said it also plans to help distressed lending platforms and their customers. It declined to be more specific.
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