The landscape for accessing euro liquidity against cryptocurrency holdings in Europe is evolving, with platforms increasingly offering flexible, revolving credit lines instead of traditional fixed-term loans. This model allows investors to use assets like BTC, ETH, and SOL as collateral to secure a credit limit, paying interest only on the amount they actually withdraw, while unused credit carries a 0% Annual Percentage Rate (APR).
Centralized platforms remain the primary gateway for users seeking direct EUR deposits into bank accounts via SEPA transfers, offering regulatory clarity and predictable withdrawals. Among the highlighted providers is Clapp, which holds a Virtual Asset Service Provider (VASP) license in the Czech Republic. Its model supports multi-collateral borrowing, allowing users to combine up to 19 different crypto assets into a single credit line, with interest rates on drawn funds starting as low as 2.9%.
Other established players like Nexo and YouHodler continue to serve the market, with Nexo offering similar revolving credit facilities and YouHodler providing more traditional fixed-term loan structures. Binance also offers crypto-backed loans within its ecosystem, though EUR availability is subject to regional regulations. For those comfortable with decentralized finance (DeFi), protocols like Aave provide an alternative route to borrow EUR-pegged stablecoins such as EURC or agEUR.
The primary risks for borrowers remain consistent across platforms: liquidation risk if collateral value falls below the loan-to-value (LTV) threshold, and custodial risk when using centralized services. Experts advise maintaining a conservative LTV and thoroughly understanding a platform's liquidation rules and regulatory standing within the EU.
