Galaxy Now Lets You Borrow Against Your BTC, ETH, SOL Holdings

Galaxy Digital ) launched a crypto-backed credit line Tuesday, letting clients borrow against Bitcoin and Ethereum without selling.What the Product Actually OffersAccording to a Galaxy press release, the GalaxyOne Crypto Portfolio Line of Credit combines BTC, ETH, and Solana , including staked SOL, as collateral under a single revolving credit line.Clients keep earning staking rewards on pledged SOL while borrowing against it, and collateral is not rehypothecated, meaning Galaxy cannot lend it out or reuse it while it backs the line.TermDetailOrigination feeNoneAPR8.99%FundingInstant, in USD or USDC (CRYPTO: USDC)Loan-to-value at origination50%Collateral monitoringContinuousAvailability40 US statesFunds can go toward tax obligations, real estate, home improvements, or other expenses without triggering a taxable sale of the underlying crypto.GalaxyOne Managing Director Zac Prince said the product leverages Galaxy’s institutional infrastructure to offer retail borrowers rates, security, and flexibility not previously available through a single product.How It Compares to Existing OptionsGalaxy’s offering enters a market that already includes several competitors. Ledn offers Bitcoin-backed loans in USD and USDC (CRYPTO: USDC).Coinbase (NASDAQ:COIN) lets eligible users borrow against crypto at rates advertised as low as 5%.Nexo Credit Line allows users to combine BTC, ETH, and other assets as collateral. Galaxy’s differentiation is the combination of no origination fee, institutional-grade custody, and the ability to use staked SOL as collateral without unstaking.Earlier this year Galaxy expanded its institutional lending through GOFR, a managed lending program for institutions and high-net-worth individuals. GalaxyOne launched in October 2025 as a unified platform offering crypto and stock trading across all US states.Where GLXY Stands Technically?.benzinga-widget#bz-embed-widget-block_334f0d6e91198fcb40d049b242f96406 iframe.w-full {width: 100%; }GLXY climbed 5%, pushing into the 0.382 Fibonacci retracement at $25.04 that has capped every recovery attempt since July.The 20-day EMA at $22.22 sits below as support while the 50-day and 100-day EMAs stack overhead as immediate resistance.Key levels for GLXY:$25.04 — 0.382 Fib and EMA 100 confluence, close above signals trend shift$22.22 — 20-day EMA, support below Read Also: Zcash Hits 8-Year High as World's First ZEC ETF Goes Live Image: Shutterstock