Crypto lending platforms are a welcome addition to the crypto industry. These platforms allow crypto HODLers to seek a cash loan without having to sell their crypto. However, crypto backed loan platforms have grown stagnant over time, with many copycat startups all offering the same thing. YouHodler’s CEO and co-founder Ilya Volkov saw this as an opportunity for disruption and innovation with a new type of lending platform.
YOUHODLER CEO COMES FROM A WORLD OF FINTECH AND FX EXPERTISE
Unlike other crypto lending startups, YouHodler brings over two decades of both FX and FinTech experience to the industry. CEO Ilya Volkov got his start in FinTech over 20 years ago. Since then, he acted in various top management positions at Forex Club/Libertex, a company that serves over 45 countries around the world. While also working there, Volkov simultaneous acted as the Managing Director for a commercial finance company which reported assets of $1.96 billion during the first of half of 2008. Using these experiences of currency risk, market research, global finance, and international payments, Volkov was able to build a foundation for YouHodler.
WHAT IS YOUHODLER: A PEAK INSIDE FEATURES AND BENEFITS
In the most basic terms, YouHodler is a blockchain-based financial ecosystem focusing on crypto backed lending using fiat loans. It provides both USD/EUR loans that are secured by collateral in BTC, BCH, BSV, ETH, XRP, LTC. Essentially, YouHodler found a way for users to keep their crypto and get cash to spend on their necessary expenses. Currently, we exist in a “HODLers market” and this service makes it convenient for traders, miners and everyday crypto enthusiasts to co-exist in this space.
While there are several other platforms doing the same as YouHodler, the platform is unique for a variety of reasons. For one, they feature the highest loan-to-value ratio on the market (80%) and some of the lowest interest rates around. Furthermore, unlike other sites that feature a peer-to-peer (P2P) model, there is not waiting for a match on YouHodler. It is not p2p so users can instantly sign up and take a loan when they need it most. Speaking of speed, perhaps the most unique features is YouHodler’s USDT integration. Alongside bank wire and debit/credit card, users can choose Tether (USDT) to both receive their loan and pay it back. This allows for near-instant transactions times.
YOUHODLER’S CEO HAS BIG PLANS FOR THE FUTURE
Having more collateral options, faster transaction times, no hidden fees and the highest LTV in the industry all help set YouHodler apart from the rest. In the coming year, more new additions to the platform will continue to improve the user experience. For example, YouHodler will more fiat loan options besides USD and EUR to bring the platform to a global audience. Also, the platform will add even more crypto collateral options like XLM to their growing list.
Despite the crypto lending industry being a new sub-category in the growing world of blockchain technology, YouHodler is making fast moves to establish themselves as a reputable, transparent and innovative solution to “the HODLer’s dilemma.”
To learn more about their platform and sign up, visit YouHodler.com today.