what's CoinRabbit?

CoinRabbit is a centralized finance (CeFi) platform specializing in cryptocurrency-backed loans. Users can deposit over 300 supported cryptocurrencies as collateral to borrow stablecoins like USDT or USDC without selling their assets. The platform emphasizes speed and flexibility, offering instant loan approvals in minutes, no credit checks, and no fixed repayment deadlines, allowing borrowers to manage loans on their own terms. It operates without mandatory KYC verification, prioritizing user privacy while maintaining security through cold storage and 24/7 risk monitoring. The lending process involves selecting collateral, choosing the loan amount (up to 90% of collateral value), and receiving funds directly to a wallet. Interest accrues daily but can be paid at any time, with options to extend or repay loans seamlessly. CoinRabbit also provides an integrated exchange for swapping assets and a non-custodial wallet for secure storage and management of holdings. Founded in 2020, the platform aims to bridge traditional finance needs with crypto holdings, enabling users to access liquidity for purchases, investments, or tax optimization while retaining exposure to potential asset appreciation. It supports a wide range of blockchains and tokens, making it accessible for both retail and advanced users in the crypto ecosystem.

CoinRabbit featured in Zebec Network article on crypto-traditional finance convergence.