Strike Launches Bitcoin-Backed Loans With No Forced Liquidation

Strike, a financial services company focused on Bitcoin, has launched a new loan product backed by the cryptocurrency.

The product does not trigger forced liquidation if Bitcoin prices fall, provided borrowers continue repaying their loans, The Block reported on July 7.

“There are no margin calls and no price-triggered forced liquidations,” Strike Chief Executive Officer Jack Mallers said. “Volatility is unavoidable, but liquidation is not.”