Neverless Launches Leveraged Bitcoin Plan for Retail Investors
Neverless, a London-based crypto firm founded by former Revolut executives, has launched a "Boosted Bitcoin Plan" to enhance retail users' bitcoin holdings.
The plan uses a dollar-cost averaging strategy with an option to borrow up to five times the user's contribution, automating purchases and lending processes.
Deposited euros or crypto serve as collateral for these transactions.
The CEO, Phuc To, emphasizes providing ordinary investors with credit-fueled wealth-building mechanisms similar to those available to institutions.
Neverless, established in 2022, offers trading of over 500 cryptocurrencies with no fees and access to DeFi assets for retail investors.
The company secured $6.7 million in seed funding, obtained a MiFID license, reached 50,000 users, and processed over $1 billion in trading volume since its inception.
