3 hours ago
London-based crypto steadfast Neverless, founded by erstwhile Revolut executives Phuc To, Arthur Johanet and Mikael Peydayesh, has introduced a “Boosted Bitcoin Plan,” designed to assistance retail users turn their bitcoin (BTC) holdings faster done automated, recurring purchases enhanced by leverage.
The caller concern merchandise builds connected the dollar-cost averaging attack – a strategy wherever investors bargain a fixed magnitude of bitcoin astatine regular intervals to creaseless retired volatility – with an added twist that allows users to get up to 5 times their contribution.
The level automates some the purchases and the lending process, utilizing deposited euros oregon crypto arsenic collateral, according to the property merchandise shared with CoinDesk.
Neverless’s CEO, Phuc To (who was besides the erstwhile planetary caput of merchandise astatine Revolut), said the instrumentality is designed to supply mean investors with entree to the aforesaid benignant of credit-fueled wealth-building mechanisms that person agelong been disposable to institutions and high-net-worth individuals.
“Institutions tin rise superior and banks springiness affluent radical loans to bargain assets that really grow. And what bash mean radical get? Credit cards that enactment america successful debt. Neverless gives you financing powerfulness to ain a portion of the century’s champion performing plus for yourself — and physique wealthiness the mode affluent radical do,” Phuc To said successful a statement.
Founded successful 2022, Neverless already allows users to commercialized much than 500 cryptocurrencies with nary fees and offers entree to DeFi assets typically retired of scope for retail investors.
Since securing $6.7 cardinal successful effect backing and a MiFID licence past year, the institution has grown to 50,000 users and processed implicit $1 cardinal successful trading volume.
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