Galaxy Launches Crypto-Backed Credit Lines, Enabling Borrowing Against BTC, ETH, SOL

Galaxy Digital launched crypto-backed credit lines on Tuesday, allowing clients to borrow against bitcoin and ethereum as collateral without selling their assets.

Specific Product Features

According to Galaxy's press release, the GalaxyOne crypto portfolio credit line combines BTC, ETH, and Solana as collateral within a single revolving credit facility.

Clients can continue earning staking rewards while borrowing against staked SOL as collateral, and the collateral will not be rehypothecated, meaning Galaxy cannot lend it out or reuse it for the duration of the credit line.

Product Terms

Origination Fee | None

Annual Interest Rate | 8.99%

Funding | Immediate, in USD or USDC

Initial Loan-to-Value Ratio | 50%

Collateral Monitoring | Continuous

Availability | 40 U.S. states

Funds can be used for tax obligations, real estate, home improvements, or other expenses without triggering a taxable sale of underlying crypto assets.

Zac Prince, Managing Director at Galaxy One, said the product leverages Galaxy's institutional-grade infrastructure to provide retail borrowers with rates, security, and flexibility previously unavailable through a single product.

Comparison with Existing Options

Galaxy's product enters a market with multiple existing competitors. Ledn offers bitcoin-backed USD and USDC loans.

Coinbase allows eligible users to borrow against crypto collateral, advertising rates as low as 5%.

Nexo credit lines allow users to combine BTC, ETH, and other assets as collateral. Galaxy's differentiators include zero origination fees, institutional-grade custody, and the ability to use staked SOL as collateral without unstaking.

Earlier this year, Galaxy expanded its institutional lending business through GOFR, a custody-based lending program for institutions and high-net-worth individuals. GalaxyOne launched in October 2025 as a unified platform offering crypto and equity trading across all U.S. states.

GLXY Technical Picture

GLXY is up 5%, breaking above the 0.382 Fibonacci retracement level at $25.04, which had capped every rally since July.

The 20-day exponential moving average sits at $22.22, acting as support below, while the 50-day and 100-day EMAs stack above as near-term resistance.

GLXY Key Levels:

$25.04 — Convergence of the 0.382 Fibonacci retracement and 100-day EMA; a close above this level signals a trend shift

$22.22 — 20-day EMA, support below