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Sypher Capital Management, LLC Launches Borrow on Bitcoin, an Independent Comparison Site for Bitcoin-Backed Loans and Mortgages
GlobeNewswire Inc.·
Sypher Capital Management launched Borrow on Bitcoin, an independent comparison site for bitcoin-backed loans and mortgages. Early data shows $74.2 million in requested volume with mortgage shoppers seeking 3x larger loans but only 8.6% proceeding to lenders. The platform revealed a significant 600 basis point 'custody premium' where custodial lenders averaged 10.42% APR versus 4.39% for on-chain lending.
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