Crypto Lending Provider APX Lending Secures $20 Million in Asset-based Financing from Cypress Hills

BlockBeats News, April 11, according to CoinDesk's report, cryptocurrency lending provider APX Lending has completed a $20 million asset-based financing round provided by private credit investment firm Cypress Hills. The asset-based financing terms allow borrowers to increase their loans without renegotiating the entire agreement.

APX Lending offers loan services backed by digital assets and plans to use this funding to accelerate its expansion in Canada to meet the growing demand for cryptocurrency collateralized loans.