Borrow against your crypto. Keep your upside.
Access USD liquidity without selling — open terms, and competitive rates.
Loans are overcollateralized. Collateral may be liquidated if its value falls below required thresholds.
Liquidity, without letting go.
From collateral to cash — in four steps.
Pledge collateral
Deposit BTC or ETH as collateral for your line.
Draw USD
Borrow up to your loan-to-value limit in dollars.
Use the liquidity
Spend or invest — borrowing isn’t a taxable event.
Repay anytime
Open-term with no prepayment fee; reclaim your collateral.
You can access liquidity and keep the coins.
Why borrowing against Bitcoin can beat selling it.
| Sell your BTC | Borrow against your BTC | |
|---|---|---|
| Access USD liquidity | Yes | Yes |
| Keep your Bitcoin | No | Yes★ |
| Triggers a taxable event | Yes | No★ |
| Keep upside exposure | No | Yes★ |
Illustrative comparison, not tax or investment advice. Loans involve risk, including potential liquidation of collateral. Consult your own advisor.
The rate is not the cost.
Many lenders advertise a headline rate, then charge for it somewhere else. The figure below is the illustrative annualized cost of an Abra loan — its rate plus every fee it discloses — on a $250,000 loan secured by $500,000 of collateral (50% LTV) held for twelve months. Actual costs vary with rates, loan size, collateral value, fees, market conditions and duration. Abra's rate is variable and may change without notice.
- Interest rate
- 4.60%
- Disclosed fees, annualized
- +1.90 pp
- Scenario
- 50% LTV, 12 months
- Illustrative annualized borrowing cost on a $250,000 loan at 50% loan-to-value held for twelve months: Abra's published interest rate plus every fee it discloses, expressed as a percentage of the amount borrowed. Fees assessed on collateral rather than on the loan are converted at that loan-to-value, so Abra's 0.20% annual collateral fee enters at 0.40%. Illustrative only; not an offer of credit.
- Abra's USDC borrowing rate is variable and compounding and changes without notice. Rates shown are gross and exclude any applicable advisory fees.
- The linked comparison sets out other lenders' published terms; it does not construct an all-in cost for another lender. Loan terms, rates and LTV limits vary by provider and change without notice; verify current terms directly with each lender.
- Abra Capital Management, LP is an SEC-registered investment adviser. Registration does not imply a particular level of skill or training or SEC approval or endorsement.
See what you could borrow.
Adjust your collateral and LTV. Illustrative only — subject to approval.
Understand the Risk
Crypto-backed loans involve risk, including liquidation.
Loans are overcollateralized. Digital-asset prices are volatile; if your collateral’s value falls below required thresholds, you may face a margin call and your collateral may be liquidated — potentially at an unfavorable time. Interest accrues while the loan is outstanding. Nothing here is tax, legal, or investment advice.
Questions, answered.
You can pledge Bitcoin (BTC) or Ethereum (ETH) as collateral for a USD loan. Additional assets may be supported over time.
Up to your loan-to-value (LTV) limit — generally around 50% of your collateral’s value. A more conservative starting LTV leaves more buffer against price moves.
Loans will include a collateralized borrowing transaction fee of 1.00% of the loan amount. A 0.20% fee per year is assessed on the loan collateral. For BTC collateral, there is a wrapping and unwrapping fee of <0.25% that enables the BTC to be deposited into DeFi pools.
Loans are overcollateralized. If the collateral value falls below required thresholds you may receive a margin call, and collateral can be liquidated to protect the loan. Maintaining a lower LTV reduces this risk.
Taking a loan against your crypto is generally not a sale, so it typically does not trigger a taxable event. This is not tax advice — consult your advisor for your situation.
No. Loans are open-term with no fixed maturity and no prepayment fee. Interest accrues while the loan is outstanding.
You must be at least 18 years old to setup an Abra SMA account. You much complete KYC/KYB and the advisory agreement to be eligible to receive a loan. The advisory agreement is applies to institutions and accredited investors. There is no minimum loan amount. Borrowers may not reside in a sanctioned region.
ACM's full fee schedule, covering advisory fees, fees on yield strategies and collateralized borrowing, and transaction fees, is on the Fees page.
Learn more about crypto-backed lending
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Access liquidity without selling.
Loans involve risk including liquidation of collateral. Not tax advice. Registration as an investment adviser does not imply endorsement by the SEC.