OKX Launches Flexible Loans in Europe

OKX, a leading global fintech company and crypto trading platform, expanded its European product offering to include borrowing with the launch of Flexible Loans. Launching with USDC, Flexible Loans let customers borrow against crypto they hold on OKX, without selling it. There’s no fixed term. Customers can repay part or all of a loan whenever they choose. Interest is charged by the hour at a variable rate, currently 0.000229% per hour, or about 2% a year. Customers can see the live rate in the app before borrowing and throughout the loan.