July 4 (Cointime) - Bitget, a crypto derivatives and copy trading platform, has launched its Crypto Loans product, which allows users to stake one digital asset as collateral and obtain a loan in another. The platform aims to attract users dissatisfied with traditional credit institutions by offering an alternative funding solution backed by cryptocurrencies. Bitget claims to have streamlined the loan process to ease user onboarding and offers a flexible borrowing and repayment mechanism. The move comes as the crypto loan sector suffered significant setbacks in 2022, but Bitget argues that crypto loans have been gaining popularity in recent years.