For Bitcoin Holders, Aven’s New Credit Card Offers 7.99% Interest Rate [Forbes]
Coastal Financial Corporation (CCB)
Last coastal financial corporation earnings: 4/27 09:25 am
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Source: Forbes
A ven, a Silicon Valley fintech with more than 100,000 customers that offers a credit card grafted onto a home equity line of credit (HELOC), is launching a bitcoin-backed card. The new card lets consumers pledge bitcoin as collateral to access a credit line of up to $1 million over a term of up to 10 years. Its average percentage interest rates (APRs) range from 7.99% to 11.99%, notably lower than the average U.S. credit card rate of 21.52%, according to the Federal Reserve. To use Aven's new card, which became available today, customers must agree to have their bitcoin transferred to South Dakota-based BitGo, the cryptocurrency custody company Aven partners with. Aven requires the loans to be overcollateralized–people can't borrow more than the value of the bitcoin they pledge. Customers' interest rates depend on how much collateral they put up. If they want a credit limit that's capped at just 30% of their collateral's value, they can access the lowest possible rate of 7.99%
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CCB
News
- Coastal Financial's (NASDAQ:CCB) Q1 CY2026: Beats On Revenue But Stock Drops 12.5% [Yahoo! Finance]Yahoo! Finance
- Coastal Financial GAAP EPS of $0.78, revenue of $149M [Seeking Alpha]Seeking Alpha
- Coastal Financial Corporation Announces First Quarter 2026 ResultsGlobeNewswire
- GreenFi Releases 2025 Climate Impact Results: Customers Help Fund Nearly 3.5 Million Trees [Yahoo! Finance]Yahoo! Finance
- Aven Launches Bitcoin-Backed Credit Card [Yahoo! Finance]Yahoo! Finance
CCB
Earnings
- 1/30/26 - Miss
CCB
Sec Filings
- 4/29/26 - Form 8-K
- 4/29/26 - Form 8-K
- 4/29/26 - Form 8-K
- CCB's page on the SEC website