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Business & Economics

APX Lending Secures $20M - Is Demand for Crypto-Backed Loans Rebounding?

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Summary
Nutrition label

71% Informative

Toronto -based APX Lending has raised $20 million to cater to the growing demand for “crypto-backed loans” in Canada .

The timing of this funding round is telling.

Analysts suggest a resurgence in BTC and crypto prices, particularly Bitcoin ’s climb past $ 70,000 in early 2025 , has reignited demand for crypto-backed borrowing.

VR Score

62

Informative language

59

Neutral language

20

Article tone

formal

Language

English

Language complexity

63

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

External references

1

Source diversity

1

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